HARTFORD, Conn. — Revised estimates show Connecticut’s current budget deficit has grown large enough to potentially trigger a mid-year, budget-cutting plan from Democratic Gov. Dannel P. Malloy.
In a letter sent Monday to State Comptroller Kevin Lembo, Malloy’s budget director says the current fiscal year is now projected to be $202.8 million in deficit. Ben Barnes says that’s slightly more than one percent of net appropriations in the state’s main spending account, the threshold requiring Malloy to issue a deficit-mitigation plan.
Lembo would first have to confirm the figure.
Top Democratic senators said Monday that legislative leaders have agreed to meet early next week for bipartisan discussions to determine next steps regarding the state budget.
Barnes says revenue from federal grants, the income and sales taxes are less than anticipated.