Connecticut needs to close a $500.5 million deficit in the current fiscal year, according to consensus revenue estimates released last week.

In November, Gov. M. Jodi Rell proposed a mitigation plan to reduce the deficit that was then estimated by the governor’s office of policy and management at $466.5 million. The new, larger deficit was due primarily to the further weakening of income tax receipts, according to a letter from the office to Comptroller Nancy Wyman.

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