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Connecticut's Budget Deficit is Growing

Is the state heading toward its own fiscal cliff?

Connecticut's budget deficit is increasing, taking a perilous plunge on Friday that is pushing it toward the $300 million mark, the Connecticut Mirror reports.

While the website questions whether the deficit will force Gov. Dannel P. Malloy to increase taxes - again - to cover continued budget shortfalls, Malloy last week said he would not hike state taxes, according to the Republican-American newspaper. 

The growing state budget deficit, the Mirror reports, is the result of revenue shortfalls that are greater than Malloy administration officials originally anticipated. Officials in his administration blame the shortfalls on the overall weakness of the national economy.

State Republican leaders, however, lay the blame on the weakening effect on the state's economy of the $1.5 million in new taxes the Malloy administration implemented in the last year.

Malloy will present his new budget plan to the General Assembly when it meets in early 2013.

Troy November 13, 2012 at 01:16 AM
This is simple. Tax & sell marijuana much like Washington State just approved. Problem solved.
SolarPete November 13, 2012 at 12:30 PM
Just blame the problem on Hurricane Sandy Maybe the govenor should start having bake sales or possible selling off all the toys he has in the garage
Flowers November 13, 2012 at 01:45 PM
Hey. Has anybody on this blog stream been sending emails to Jil Kelley?
Anne November 13, 2012 at 05:07 PM
Does anyone know if all the layoffs that Malloy touted as his "cuts" every took place. i thought I read where almost all the State Troopers were back on the job--not saying we don't need troopers--more interested in the Administration side. Did he actually realize any of the savings? Did those layoffs occur?
Richard Poulton November 13, 2012 at 06:09 PM
On the right side of the tool bar above is an open space - type in "state budget deficit", hit the marker. This will open numerous Patch stories on the state's budget problems, going back to late November 2010 on into 2011 and this year. Makes for interesting reading.

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