state employees

Recent Posts

CT staring at another $1B deficit after next state election

deficit grapic 2

Since Gov. Dannel P. Malloy’s administration announced state income tax receipts were lagging due to weak stock market earnings, much of the Capitol’s focus has been on the relatively small hole it opened in the current budget. But the projected loss of $100 million in tax receipts this year also exacerbates a much bigger budget problem just down the road. Continue Reading →

Filed under: , , , , , , ,

It’s official: CT’s budget is $89 million to $100 million in the red

Gov. Dannel P. Malloy with his budget chief Benjamin Barnes

The state budget received its first official deficit reports Friday when nonpartisan legislative analysts and Gov. Dannel P. Malloy’s administration projected shortfalls ranging from $89 million to just under $100 million. Budget director Benjamin Barnes, insisted it quickly would be closed, and reasserted Malloy’s insistence that tax hikes are not an option. (File photo: Gov. Malloy and budget director Barnes) Continue Reading →

Filed under: , , , , , , ,