budget deficit

Jessica Hill / AP

Connecticut Governor Dannel Malloy released a revised two-year state budget that reduces aid to many municipalities by another $362 million in the first year while boosting aid to poorer communities.

Stephan Savoia / AP

Connecticut Democratic Governor Dannel Malloy is pushing back on allegations that his administration is holding off until after the November 8 election to let voters know Connecticut is facing huge budget deficit projections.

GotCredit / Flickr

Thirty additional Connecticut state employees who work in executive branch agencies have received layoff notices since May 3.

Michelle Lee / Flickr

Connecticut’s regular legislative session ended on Wednesday without a final vote on the State’s budget.

Financial challenges have been at the forefront of lawmakers’ work this session as the state faced a mounting budget deficit that’s now projected to be close to $1 billion for the next fiscal year that begins on July 1.

Jessica Hill / AP

Connecticut lawmakers are working on closing a nearly $1 billion budget gap for the next fiscal year before their legislative session ends at midnight on Wednesday, May 4.

At issue are three competing plans: One introduced by Democratic Governor Daniel Malloy, another introduced by legislative Republicans, and a partial fix that was tabled a while back by the Democratic leaders in the legislature.

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