41:18 minutes (19.83 MB)
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Though Governor Jodi Rell and the General Assembly reached an agreement last week to close most of this year’s budget gap—The state still faces giant deficits over the next two fiscal years. Some observers fear that state leaders are relying to heavily on federal money, rainy day reserves, and special accounts to balance the books and that the $726 million dollar deficit we will confront this summer will require much bolder action—and so far, the Governor and legislative leaders haven’t found much they can agree on.
Today, where we live, we’ll talk with economists and lawmakers about Connecticut’s fiscal crisis. We’ll consider spending cuts, securitization, early retirement, pension payments, keno, and the always dreaded tax increases.
You can join the conversation—How would you like to see the state use your money? What state services would you cut? Are you willing to pay new taxes?