November 13, 2012

State faces 'doom and gloom' budget

City finance officials warned Tuesday that state experts told them Tuesday that Connecticut faces budget shortfalls of $690 million to $1 billion for each of the next two years.
Closing that gap is likely to be the General Assembly's major chore during its upcoming session.
But municipal officials are worried that it will lead to cuts in education grants and other funds that are sent to cities and towns. The cuts may be large, they said.
"This was doom and gloom news," said Bristol Comptroller Glenn Klocko.
State officials are expected to anounce their dire predictions later this week.

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