budget deficit

Budget
6:53 pm
Fri November 21, 2014

Conn. Could Be Facing More Than $1B In Deficits Over The Next 3 Years

Despite an improving economy, Connecticut could be facing budget deficits of more than $1 billion over the next three years.

Gov. Dannel Malloy’s budget office and the General Assembly’s non-partisan Office of Fiscal Analysis told lawmakers this on Friday.

“Employment is increasing, our income is rising, retail sales are growing, and the economy is on the rebound,” Karen Buffkin, of the governor’s budget office, explained to members of the Appropriations Committee.

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Surplus up from a month ago
5:54 pm
Tue July 22, 2014

Conn 2014 fiscal year surplus revised upward to $121 million

Connecticut Gov. Dannel Malloy, left, talks with Vermont Gov. Peter Shumlin during a break at the New England Governors and eastern Canadian Premiers 38th annual conference, Monday, July 14, 2014, in Bretton Woods, N.H.
Credit AP Photo/Jim Cole

Connecticut Democratic Governor Dannel Malloy announced on Tuesday that the state ended its fiscal year in June with a $121.3 million budget surplus. The surplus is now nearly four times what the Malloy administration had projected just a month ago.

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Stamford Board of Finance
2:55 pm
Wed June 25, 2014

Stamford gets $2.1M to balance its year-end books in late request

The Stamford Board of Finance voted 5-1 Tuesday night to approve an 11th-hour appropriation for $2.1M for a projected shortfall in several departments including police and fire. That's not before board members chastised the Martin Administration and this year's budgetary process for not keeping the body better informed of the projections.

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