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.

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