(Hartford, Conn./CBS Connecticut) – The state comptroller is releasing new figures on Connecticut’s deficit for the current fiscal year.

Kevin Lembo says the state is facing a 93-point-8-million dollar shortfall for the end of the fiscal year 2018.

This, as Connecticut continues to operate under a gubernatorial executive order, absent a state budget.

Lembo says in a letter to Governor Dannel Malloy while the spending reduction authority should allow him to meet savings targets, spending trends show that fixed costs–debt, state employee and teacher retirement and retiree health care continue to rise.

Lembo says descretionary spending has been forcibly reduced.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

Listen Live