Zarrelli: Cuts need to happen soon.

Moore: Also thinks today helps to have a more realistic debate about the federal stimulus package … knowing this now, I think, makes the budget deliberations a little more useful.”

Sen. Joe Zarrelli: “Whatever the March forecast is, we have to cut about $600 million from this biennium … regardless of what the March forecast will be.”

Rep. Ed Orcutt: “Sen. Zarrelli is absolutely right. We cannot wait. And I think that’s one of the things that this revenue update tells us … the talk that we’re starting to hear about tax increases? I just don’t think that we should be throwing in the towel and asking the taxpayer for a bailout.”