Deep cuts and billions in hikes?  What’s the per capita tax hit for Connecticut residents?  From The Advocate:

State Democrats will propose more than $2 billion in spending cuts for the coming two fiscal years, and increases in income and sales taxes are likely when they unveil their budget Thursday.State Senate President Donald Williams, D-Brooklyn, told members of the Business Council of Fairfield County at a legislative breakfast Monday that the budget plan will include about $1 billion in spending cuts in 2009-10 and the same in 2010-11.

“There will absolutely have to be very deep cuts in spending,” Williams said. “It’s not going to be pretty. No one is going to have a parade for the legislature at the end of this session.”

Williams did not provide details about the cuts and avoided discussing changes in tax policy. He hinted strongly that “significant revenue adjustments” are part of the plan.

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