deficits

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Struggle to balance current budget could help with future deficits

While legislators and Gov. Dannel P. Malloy scramble to close yet another hole in the current state budget, the exercise could help them solve a much larger problem. Depending on how they solve this fiscal year’s $220 million deficit — a task lawmakers have pledged to complete Tuesday — the $900 million hole built into 2016-17 finances could be whittled down by nearly one-quarter.
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Malloy, GOP leader and press do photo op lunch

Answering a dare and a double dare to sit and talk about deficit projections, Gov. Dannel P. Malloy and House Minority Leader Themis Klarides, each accompanied by fiscal advisers, dined in a public cafeteria Friday, surrounded by a tight circle of aides, reporters, photographers and cops. Continue Reading →

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