Comptroller: State on track to end year with $93.9M deficit

- FILE - Connecticut State Capitol (WTNH)

HARTFORD, Conn. (AP) — State Comptroller Kevin Lembo says Connecticut is on track to end the current fiscal year with a $93.9 million deficit under the provisions of an executive order by Gov. Dannel P. Malloy.

State lawmakers have been unable to agree on a budget for the fiscal year that began July 1 and the following year, compelling the Democratic governor to run state government with his limited spending authority. Malloy last month proposed massive cuts to state education aid that would begin in October but could be blocked if a budget is passed.

Related Content: State Comptroller Kevin Lembo decides against run for governor

The Democratic comptroller said in a letter to Malloy released Friday that the inability to pass a budget will slow economic growth and ultimately lead to the state and its municipalities receiving downgrades in credit ratings that will cost taxpayers even more.

Related Content: Home health care agencies starting to curtail services because of budget stalemate

WTNH NEWS8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Also, you can now block any inappropriate user by simple selecting the drop down menu on the right of any comment and selection "Block User" from there.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s