Malloy's budget office projects $7.1M general fund deficit - WFSB 3 Connecticut

Malloy's budget office projects $7.1M general fund deficit

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Gov. Dannel Malloy (WFSB photo) Gov. Dannel Malloy (WFSB photo)

Gov. Dannel P. Malloy's budget office is projecting Connecticut will end the current fiscal year with a deficit, despite a recent special legislative session that attempted to fix the fiscal problem.

Office of Policy and Management Secretary Ben Barnes said in a letter to the State Comptroller on Wednesday that the $18 billion general fund may have a $7.1 million deficit when the fiscal year ends June 30.

State estimates last week showed that revenues are down $26.8 million. Revenue from the personal income tax took the biggest hit.

Barnes says the $26.8 million loss was partially offset by $19.7 million worth of savings from reduced spending including cutting back on hiring new employees.

He also says increased ticket sales from recent, large lottery jackpots have increased the state's coffers.

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