Analysts Say State Budget's Revenue Recovery Is Tenuous At Best
Increased tax revenues mask mixed performance on other indicators
Published: May 26, 2010
State legislators enthusiastically touted more than $220 million in projected tax revenue growth as a sign that Connecticut's economy is on its way back from the worst downturn since the Great Depression.
But while that $220 million helped the Democrat-controlled General Assembly and outgoing Gov.M. Jodi Rell balance their last budget without tax increases, it's hardly the product of an across-the-board recovery of key economic indicators, public- and private-sector fiscal experts said Tuesday.
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If I had to sum it all up in one word, it would be 'spotty,'
-Don Klepper-Smith, chief economist
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