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Message: [QUOTE="Drew, post: 1593619, member: 3723"] Thinking it might be a while until we see a XL Center renovation after reading this: [B]State Budget Deficit Explodes This Year and Next[/B] [I] "New deficit numbers released Thursday are causing alarm among legislators as the state's budget deficit is now projected to hit $900 million next year. The latest numbers say the deficit is $266 million for the current fiscal year and will get even worse next year. The numbers are based mainly on a bad performance of the January 15 estimated payments in the state income tax, which are made largely by small business owners, millionaires and billionaires. The estimated payments, which make up about 20 percent of the overall state budget, are highly volatile and often depend on the performance of the stock market. But [URL='http://www.courant.com/topic/politics-government/republican-party-ORGOV0000004-topic.html']Republicans[/URL]said the shortfall cannot be attributed only to the stock market but include wealthy residents who have moved out of the state. "It's a very, very sad day and upsetting day here in Connecticut,'' said Senate Republican leader [URL='http://www.courant.com/topic/politics-government/government/leonard-a.-fasano-PEPLT00008326-topic.html']Len Fasano[/URL] of North Haven. "Those are just incredible numbers. What's happening is really shocking.''" [/I] [URL]http://www.courant.com/politics/hc-budget-deficit-rises-0226-20160225-story.html[/URL] [/QUOTE]