Governor Dan Malloy is proposing a package to eliminate the projected deficit of 389-million-dollars in the current fiscal year.
Malloy's plan calls for using the entire 235-million-dollar rainy day fund to reduce the deficit.
The plan also calls for 19-million-dollars in immediate cuts to cities and towns and nearly 100-million-dollars in revenue transfers.
The work gets harder from here as the state is facing a five-billion-dollar deficit for the upcoming two-year fiscal cycle.