The Governor’s Proposed FY 07 Midterm Budget Adjustments: Highlights & A Contextual Analysis

This report on the Governor’s proposed FY 07 Midterm Budget Adjustments has two parts. The first looks at the Governor’s proposed FY 07 spending revisions, overall as well as in key agencies impacting the lives of Connecticut’s children and families. It places proposed spending in some historical context, comparing proposed spending to spending in the current fiscal year (FY 06) and to the fiscal year when Connecticut’s most recent recession began (FY 02). The second part of this report reviews proposed changes in revenues over the same time periods.