Red Ink Could Trigger Deficit Mitigation

HARTFORD, CT — (Updated 5:15 p.m.) The ink is barely dry on the legislature’s bipartisan budget that was signed by Gov. Dannel P. Malloy on Oct. 31, but it’s already $202.8 million in deficit, according to the governor’s budget office.

That’s slightly larger than one percent of the general fund, which means if state Comptroller Kevin Lembo certifies the deficit number on Dec. 4 then the General Assembly may be required to come back into special session to fix it.

House Speaker Joe Aresimowicz, D-Berlin, took the news in stride Monday.

“A small projected deficit at this point is not totally unexpected, yet it is still somewhat disappointing, particularly the decline in federal funds,” Aresimowicz said.

Read more: http://www.ctnewsjunkie.com/archives/entry/red_ink_could_trigger_deficit_mitigation_11_20_2017/