This is no time to mince words about Connecticut’s fiscal crisis. It is deep, serious, and affects everyone and everything: taxpayers, businesses, jobs, social services, infrastructure, K-12 schools, colleges and universities, towns and cities, hospitals, federal funding opportunities, and Connecticut’s reputation. Let’s be clear – it’s not new. The state’s finances have been precarious for several years. But now even those who have long denied the gravity of the situation are acknowledging it.
Rep. Gail Lavielle
Posted inNews
Dueling state budget forecasts: There’s no escaping fiscal realities
The General Assembly’s Appropriations and Finance Committees recently met to hear annual budget forecasts from both the governor’s budget office (OPM) and the legislature’s nonpartisan budget office (OFA). Certain disparities between their projections were striking. While both agencies project substantial deficits for the next biennium, their projections differ by a vastly greater margin than ever before.
