Rhode Island Gov. Donald L. Carcieri Tuesday evening delivered his state of the state address calling for action to address a combined $550 million deficit for this year and next.

“The state of our state is at a tipping point. It is teetering, ready to move dramatically in one direction or another,” Carcieri said. “All of Rhode Island’s virtues, all of its assets, all of Rhode Island’s bright promises are overshadowed and, in fact, threatened by the budget crisis we face.”

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