Senator McKinney’s Statement Re: Consensus Revenue Estimate

State Senate Minority Leader John McKinney (R-Fairfield):

“The consensus revenue estimates confirm what legislative Republicans have been saying for weeks: The Democrat budget was in deficit upon passage. OFA and OPM are forecasting a $168.4 million deficit for FY10 and that number is likely to grow when State Comptroller Nancy Wyman revises her revenue estimate on November 1st.

“When Comptoller Wyman reported a potential $500 million – $1 billion deficit on October 1st, Democrats ignored her warnings. Now that OPM and OFA agree that the budget is in deficit, Democrats can’t ignore reality any longer. The people of Connecticut need their elected officials to finally lead by making the difficult decisions necessary to reduce the size and cost of state government.”