State Budget Deficit up Another $50 Million

Officials for Gov. Dannel P. Malloy disagree with the Connecticut comptroller's deficit figures, but acknowledge they must now file a deficit mitigation plan with the legislature.

State Comptroller Kevin P. Lembo says the state's mushrooming budget deficit has jumped by another $50 million, bringing the official deficit figure today to $415 million. 

However, because of a technical accounting glitch, Lembo's office has not factored in to that figure Gov. Dannel P. Malloy's recently ordered budget cuts, the Connecticut Mirror reports. 

When those cuts are calculated, the website reports, it brings the actual deficit closer to $290 million. 

Malloy's office, meanwhile, is questioning Lembo's deficit figures. Malloy officials say they don't believe the deficit is as high as Lembo is estimating, but offered no reason for why they don't agree with the comptrollers calculations, the Mirror reports. 

Lembo said the state's budget woes are, in part, the result of higher than expect spending on Medicaid. Malloy has said he will file a deficit mitigation plan with the legislature before year's end. He has blamed the state's fiscal problems on the enduring and lingering impacts in Connecticut of the nation's economic downturn.

In an effort to lower the deficit, Malloy last week announced $170 million in budget cuts, the maximum allowed by a governor without needing legislative approval. 

Paul Alexander December 04, 2012 at 07:29 PM
Jim Sullivan / Sully / McMurphy has changed his call sign...again....
Paul Alexander December 04, 2012 at 07:31 PM
Sully...you really can't help yourself can you? There's got to be a 12-step program for what's going on with you. No offense intended for those currently in a 12-step program ;)
Patricia Grace-Farfaglia December 05, 2012 at 12:50 PM
Connecticut is the next Greece. Governors have a hard time balancing the budget because of all of the regulations and programs that are dictated by Congress. To all of this we are adding healthcare reform to our spending.
Daniel Patti December 05, 2012 at 01:17 PM
The problem is not that people are taxed too little, the problem is that government spends too much. - Ronald Reagan
Paul Alexander December 05, 2012 at 03:09 PM
At least the Greeks have the spine to raise some hell about how their elected leaders are flushing them down the crapper. People here are clueless and, based on the number of comments I see, seem more concerned about instigating a cyber lynch mob to hang some idiot puppy mill proprietor, or where the best pizza joint is in town. I am constantly amazed at how engaged in trivia people have become and how disengaged they have become from what is really important. But, I guess that does make it easier for the sociopaths to govern.


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