49:01 minutes (23.53 MB)
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Governor Jodi Rell's budget makes plans to close a 6 billion dollar deficit over the next two years - lawmakers say it falls nearly 3 billion short of solving the problem.
The independent Office of Fiscal Analysis puts the two-year deficit at something closer to $8.7 billion - and that's before new numbers come out in April...tax revenues might get even worse. And, her plan leans heavily on some very unclear future promises - billions coming from the Obama administration's stimulus plan, and tough negotiations with state employee unions.
In the end, Rell talks of “shared pain and sacrifice” - including the elimination of 23 agencies and commissions. While Rell promises no tax increases – her budget will increase many fees, and raid the "rainy day fund."
She's maintaining education funding for towns and cities, but making cuts in Higher Education.
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