Gov. Dannel P. Malloy today announced he is calling for bipartisan meetings on the state budget, with the aim of addressing the short-term budget shortfall while also improving Connecticut\u2019s long-term budget outlook and economic competitiveness. \u201cWith Wall Street on a significant, unpredicted downturn, further tough decisions need to be made,\u201d a press release from the governor\u2019s office said. It added that the talks \u00a0could lead to a special session on the budget later this year. Wilton state Sen. Toni Boucher (R-26) has called for a special session \u201cto fix the mess\u201d on numerous occasions. Malloy also said he will lay out his principles for addressing our budgetary needs in the short-term and beyond next week. \u201cThat means setting priorities and making smart, pragmatic decisions about spending cuts now, so that Connecticut continues to live within its means and keeps its current budget in balance,\u201d the release said. \u201cIt also means incorporating common-sense solutions to help state employers grow jobs, which will help keep our economy \u2014 and our state budget \u2014 on solid ground in the years ahead.\u201d The governor encouraged leaders of both parties to develop their own realistic and concrete proposals in order to be part of the solution. \u201cWe\u2019ve heard the calls and seen the press releases,\u201d Malloy said. \u201cNow, we\u2019ll have an opportunity for all of us to talk about specific, concrete ideas to move Connecticut forward. We must use the economic reality of the moment to have a real discussion \u2014 not just in the Capitol, but across Connecticut \u2014 about how we balance our budget this year, while continuing to build and grow for the long-term. \u00a0It\u2019s time for all of us to make tough decisions \u2014 and make them together.\u201d Today\u2019s announcement was prompted by new revenue projections from the Office of Policy and Management \u2014 sent to Comptroller Kevin Lembo today \u2014 identifying an approximately $120-million revenue shortfall, which amounts to roughly half of one percent of the overall budget. As a result, the governor is calling for bipartisan discussions not just among leaders, but among citizens as well. That discussion will include steps state leaders will undertake to get spending under control in the short-term, while improving the business climate in the long-run.