HARTFORD, Conn. (AP) — State Comptroller Kevin Lembo says Connecticut is on track to end the current fiscal year with a $31.6 million budget deficit.
In a letter to Gov. Dannel P. Malloy released Friday, Lembo says the state’s deficit has receded by $13.2 million from last month’s estimate. He credited a decrease in state spending in October and November.
Malloy announced in November he was trimming $54.6 million from numerous state agencies to balance the state’s approximate $20 billion budget. Malloy’s budget director also called on agency heads to reduce their expenses and limit new hiring to only essential personnel.
Lembo also reported advance retail sales were up 5.1 percent in November from last November. Auto sales experienced the strongest growth. Gas stations experienced the strongest sales decline due to falling prices.
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