Four Months Later, A Budget Deficit Still Lingers
HARTFORD, CT — The state budget is expected to end the year in the red by about $192.7 million. That’s lower than the deficit was a month ago, but still enough to require some help from lawmakers to bring it into balance
Gov. Dannel P. Malloy’s administration has only so much power to control the budget and has been doing its best to hold the line on spending. It reduced the deficit by about $15 million since the end of last year — without the help of the legislature.
For those who may need a refresher, here’s what happened with the budget:
On Dec. 1, 2017, just two months after the legislature passed a budget, state Comptroller Kevin Lembo certified a $207.8 million deficit that triggered the need for Malloy to come up with a deficit mitigation plan. He did. On Dec. 13, 2017, Malloy offered lawmakers a plan to erase the red ink.
Read more: http://www.ctnewsjunkie.com/archives/entry/20180322_four_months_later_a_budget_deficit_lingers/
