Surge In State Revenue Reported Ahead Of Tax ChangesThe governor's office today announced that the state is collecting $900-million more than expected, in December and January. The governor says it is promising news for the state.
Malloy Released Deficit Mitigation ProposalGovernor Dannel Malloy has released a proposed deficit mitigation plan for state lawmakers to consider as a means to eliminate a $208 million deficit in the bipartisan budget they passed earlier this fall.
Revised State Budget Deficit Estimates May Trigger More CutsRevised 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.
Deficits Projected In New State BudgetConnecticut is projected to end this fiscal year and the fiscal year beginning July 1 in the red.
Lembo Projects Nearly $94M Deficit With No BudgetState Comptroller Kevin Lembo is projecting a $93.9 million deficit for the fiscal year ending June 30, 2018 if the state continues to operate without a budget.
Connecticut's 2017 Deficit On Track For $107.2 MillionState Comptroller Kevin Lembo says Connecticut is on track to close out the last fiscal year with a $107.2 million deficit.
Governor Prepares For No BudgetWhile Connecticut legislators still hope to reach a budget agreement before the fiscal year ends next week, Gov. Dannel P. Malloy is moving ahead with preparations to run state government without a final plan in place.
New Deficit Numbers Are InGovernor Malloy's budget director says the deficit for the current fiscal year is down $215.5 million to $107.2 million
Comptroller Projects FY17 Deficit
Governor's Budget Director Releases New Deficit ProjectionRepublican legislative leaders are questioning the numbers
New Projection Shows State Budget In DeficitThe latest estimate comes from the Legislature's nonpartisan fiscal office
Connecticut Closes Out Year With $170.4 Million DeficitConnecticut is officially closing out last fiscal year with a $170.4 million deficit in the state's main spending account.