State Medicaid Spending Up, Sales Tax Revenues Less Than Projected
Connecticut Comptroller Kevin Lembo says if things continue the way they are, lower-than-expected revenues and an increased Medicaid caseload will mean the state ends the fiscal year with a deficit of more than $60 million dollars. He wrote the governor saying that he’s concerned that sales tax collections are less than projected, and general fund spending could exceed the original estimate by $80 million.
Secretary of the Office of Policy and Management Ben Barnes says the state is in better fiscal shape today than at any time since the 2008 finnancial collapse . He says his office is monitoring state revenues and expenses, and will recommend actions to bring the state budget into balance.