The CT Mirror (https://ctmirror.org/tag/deficit/)
The legislature provided the latest example from a dysfunctional session Monday as a bipartisan effort to legalize recreational marijuana broke down minutes before its public announcement. Continue Reading →
WASHINGTON — An analysis of the likely impact of the final House GOP bill to repeal and replace the Affordable Care Act says it would leave an additional 23 million uninsured by 2026 and reduce the federal deficit by $119 billion over the next decade. Continue Reading →
State government’s finances are back in the black — albeit by a razor thin margin — according to new estimates released Friday by Gov. Dannel P. Malloy’s administration. But major shortfalls still are projected for each of the next two fiscal years. Continue Reading →
Gov. Dannel P. Malloy’s administration scaled back its deficit forecast Tuesday for the current fiscal year, citing additional savings in the Judicial Branch and in fringe benefit costs. Continue Reading →
Two days after taking a partial look at the next state budget, nonpartisan analysts cast a broader gaze Thursday — and offered their gloomiest forecast in the past 12 months. Continue Reading →
The projected deficit in the next two-year state budget has swelled by more than $500 million because of declining revenue projections, state fiscal analysts reported Thursday. Continue Reading →
Gov. Dannel P. Malloy reported a minuscule state budget deficit Thursday — projecting a $6 million shortfall in state government’s $17.9 billion General Fund. Continue Reading →
The state budget is running a deficit — albeit a small one — the legislature’s nonpartisan Office of Fiscal Analysis reported Thursday. But it could have big political repercussions. Continue Reading →
State Comptroller Kevin P. Lembo asked Gov. Dannel P. Malloy’s administration Thursday to explain why it withheld revenue estimates from his office last month that would show a $133 million deficit in the current budget. Continue Reading →
Gov. Dannel P. Malloy’s administration last month warned dozens of state agency heads of a significant shortfall in the current budget — but continues to officially report that finances remain in balance. Continue Reading →
Connecticut officially closed its second consecutive fiscal year in deficit Friday, shrinking its budget reserve to a low level as threats of another shortfall loom. Continue Reading →
Eroding state income tax receipts identified Monday by Gov. Dannel P. Malloy’s administration not only widened the deficit in the outgoing fiscal year, but threatened to punch a hole in the new state budget 12 days before it begins. Continue Reading →
The tentative plan to close a $1 billion hole in Connecticut’s finances starting July 1 also would wipe away more than 40 percent of the red ink threatening state government after the November elections, nonpartisan fiscal analysts reported Tuesday evening. Continue Reading →
Less than one month after Gov. Dannel P. Malloy and legislators closed a $220 million deficit in the budget that ends June 30, eroding tax receipts helped punch a new $141 million hole in finances, the administration reported late Wednesday. The last-minute shortfall in the outgoing budget threatens to intensify a bitter, fight over how to balance the next state financial plan. Continue Reading →
The legislature’s Appropriations Committee is expected to approve a plan for the upcoming fiscal year that imposes some of the deepest cuts in recent history — but still could be more than $300 million out of balance. Continue Reading →