HARTFORD, Conn. (CBS Connecticut and AP) – Revised estimates show Connecticut’s current budget deficit has grown large enough to potentially trigger a mid-year, budget-cutting plan from Democratic Gov. Dannel P. Malloy.
In a letter sent Monday to State Comptroller Kevin Lembo, Malloy’s budget director says the current fiscal year is now projected to be $202.8 million in deficit. Ben Barnes says that’s slightly more than one percent of net appropriations in the state’s main spending account, the threshold requiring Malloy to issue a deficit-mitigation plan.
Lembo would first have to confirm the figure.
Barnes’ letter comes a week after his office and the General Assembly’s Office of Fiscal Analysis estimated the current fiscal year is $178.4 million in deficit. He blames the larger shortfall on changes made to a tax on hospitals that triggers federal reimbursement funds.
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