“This latest data confirms what we suspected. Our deficit has continued to grow and absent fundamental changes in the way we run the government, Connecticut will face that prospect. Huge tax hikes without significant reductions in spending are not the answer,’’ Klarides said.
Revenues are off in a number of sectors including real estate and sales tax projections are underperforming, she noted.
Klarides added that Republicans remain willing to make the tough choices and do right by the taxpayers of Connecticut.
“Republicans are continuing to work on a Deficit Reduction Plan that they are prepared to offer to deal with the current red ink,” she said.