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Deficit

Monthly Comparative Statement of Tax Revenue from the Connecticut Department of Revenue Services. Photo by WTIC's Matt Dwyer.

Income Tax Numbers Released As Officials Grapple With Deficit

The state Department of Revenue Services today released the results from the state’s income taxes due last month.

05/14/2015

I-91,  exit 23 ( courtesy DOT traffic camera)

Numerous Winter Storms Put DOT Budget In The Red

HARTFORD, Conn. (AP) _ A spate of winter storms is being blamed for much of a projected $18 million deficit in the Connecticut Department of Transportation budget. The state was hit with 19 storms this […]

04/21/2015

State Budget Director Ben Barnes (Courtesy CT-N)

Slight Improvement In Deficit Projection

HARTFORD, Conn. (AP) _ Gov. Dannel P. Malloy’s budget office is predicting the state will end the current year with a $121.2 million deficit in Connecticut’s main spending account. Ben Barnes, secretary of the Office […]

04/20/2015

StateBudgetInRed

Governor Orders Mid-Year Budget Cuts

HARTFORD, Conn. (AP) – Gov. Dannel P. Malloy is ordering $13.7 million in additional mid-year budget cuts as Connecticut’s current fiscal year deficit continues to grow. The Democrat sent a letter Wednesday to the leaders […]

04/01/2015

Kevin Lembo (Courtesy Office of the State Comptroller)

State Comptroller Releases New Deficit Projections

(Hartford, Conn/CBS Connecticut) – The state comptroller’s office is out with figures regarding the budget deficit. Kevin Lembo says with reductions announced in January, the state is on track to end the fiscal year with […]

02/02/2015

Connecticut State Capitol (WTIC's Michael Guerrera)

State Deficit On The Rise

HARTFORD, Conn. (AP) _ Gov. Dannel P. Malloy’s budget office predicts Connecticut’s main spending account will end this fiscal year $120.9 million in deficit. In a letter sent Tuesday to Comptroller Kevin Lembo, the Office […]

01/20/2015

Kevin Lembo (Courtesy CT-N)

Comptroller: State Deficit Down By $13.2 Million

HARTFORD, Conn. (AP) – State Comptroller Kevin Lembo says Connecticut is on track to end the current fiscal year with a $31.6 million budget deficit. In a letter to Gov. Dannel P. Malloy released Friday, […]

01/02/2015

CT state capitol

State Deficit Forecast

(HARTFORD,Conn./CBS Connecticut)   –   The state is on track to end the current fiscal year,June 30, with a $44.8 million deficit.The is the latest  consensus  revenue forecast  by the Office of Policy and Management and the […]

12/01/2014

Connecticut State Capitol (WTIC's Michael Guerrera)

Budget Advisor Says State’s Economy Is Improving

A top budget adviser to Democratic Gov. Dannel P. Malloy said Friday that Connecticut’s economy is showing signs of improvement despite a projected $99.5 million revenue shortfall this year and projected $1 billion deficits in each of the next three fiscal years.

11/21/2014

Connecticut's Capitol (Matt Dwyer/WTIC Photo)

Governor Puts State’s Debt At $64.6 Billion

Democratic Gov. Dannel P. Malloy’s budget office says Connecticut’s overall state debt has been reduced 15 percent during his three years in office, or $11.6 billion.

01/09/2014

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