Connecticut Governor Dannel Malloy has sent a deficit mitigation plan to state lawmakers. The plan provides several options for taxes and spending cuts to help balance the state’s budget. The budget is projected to be more than $200 million in deficit for the current fiscal year that ends on June 30.
With two weeks to go until Christmas, it remains uncertain whether Connecticut lawmakers will be back in Hartford before the end of the year to fix a looming deficit in the state budget they passed in October.
The Connecticut budget that was passed in October is headed for a $208 million dollar deficit by the end of the 2018 fiscal year. That’s according to a projection released on Friday by State Comptroller Kevin Lembo.