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State Budget Deficit up Another $50 Million

Officials for Gov. Dannel P. Malloy disagree with the Connecticut comptroller's deficit figures, but acknowledge they must now file a deficit mitigation plan with the legislature.

 

State Comptroller Kevin P. Lembo says the state's mushrooming budget deficit has jumped by another $50 million, bringing the official deficit figure today to $415 million.

However, because of a technical accounting glitch, Lembo's office has not factored in to that figure Gov. Dannel P. Malloy's recently ordered budget cuts, the Connecticut Mirror reports.

When those cuts are calculated, the website reports, it brings the actual deficit closer to $290 million.

Malloy's office, meanwhile, is questioning Lembo's deficit figures. Malloy officials say they don't believe the deficit is as high as Lembo is estimating, but offered no reason for why they don't agree with the comptrollers calculations, the Mirror reports.

Lembo said the state's budget woes are, in part, the result of higher than expect spending on Medicaid. Malloy has said he will file a deficit mitigation plan with the legislature before year's end. He has blamed the state's fiscal problems on the enduring and lingering impacts in Connecticut of the nation's economic downturn.

In an effort to lower the deficit, Malloy last week announced $170 million in budget cuts, the maximum allowed by a governor without needing legislative approval. 

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Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors. Write a new post... What's up? Make an announcement, speak your mind, or sell something
feo mesics May 23, 2013 at 10:50 am
Where DIDN'T you learn to write?? Jane Himmel May 22, 2013 at 01:27 pm "This has CONVINCED MYRead More GROWING CONVICTION that Patch has moved complete..."
Jane Himmel May 22, 2013 at 01:40 pm
I just called Staples. This is really disturbing to me. If I don't get a satisfactory answer, IRead More will let people know and I will also decide whether to continue shopping there. I do not like to give my money to unethical businesses.
Jane Himmel May 22, 2013 at 01:27 pm
This has convinced my growing conviction that Patch has moved completely away from any pretense ofRead More being a news source and is simply an electronic bulletin board. By abandoning their prior procedure of approving posts before they go up, they are letting anything go on and then taking them down if they're reported. By then, it's too late: the poster has gotten their message across during the time it's in the lineup. I only check in with Patch occasionally now and so many people in town won't read it at all anymore. I think we need to be honest with ourselves about what kind of a public forum this venue is. This doesn't reflect well on Staples if they are using subterfuge and violating Terms of Use on Patch either.
clarke Hood May 22, 2013 at 01:42 pm
New Canaan hockey players are better off playing at Sono, Ridgefield or Stamford Youth Hockey.
Lauren May 23, 2013 at 08:09 am
if they had done it at night at least it wouldn't have been smudged. BUT, i happen to think itsRead More nice, and especially with the flags hanging. we forget we are a small new england town, and small things like the red white and blue stripes remind me that we still are! :)
Hollywood2 May 22, 2013 at 10:05 pm
Somebody is pretending to be me again. On June 6 we remember D-Day. Thanks again to all our vetsRead More on Memorial Day and D-Day. That's a real reason to celebrate the week.
Hollywood2 May 22, 2013 at 08:45 pm
We need to have gay pride colors painted down Elm Street. June 5th-9th Gay Pride Week Come out!