Connecticut's Budget Deficit is Growing

Is the state heading toward its own fiscal cliff?

Connecticut's budget deficit is increasing, taking a perilous plunge on Friday that is pushing it toward the $300 million mark, the Connecticut Mirror reports.

While the website questions whether the deficit will force Gov. Dannel P. Malloy to increase taxes - again - to cover continued budget shortfalls, Malloy last week said he would not hike state taxes, according to the Republican-American newspaper. 

The growing state budget deficit, the Mirror reports, is the result of revenue shortfalls that are greater than Malloy administration officials originally anticipated. Officials in his administration blame the shortfalls on the overall weakness of the national economy.

State Republican leaders, however, lay the blame on the weakening effect on the state's economy of the $1.5 million in new taxes the Malloy administration implemented in the last year.

Malloy will present his new budget plan to the General Assembly when it meets in early 2013.

Jacobo Arnez November 12, 2012 at 05:25 PM
Perhaps if this Governor stopped spending money like a drunken sailor on liberty in the home of a crack hoe, we could keep it under control. DOUBTFUL......
paul beisler November 12, 2012 at 05:38 PM
more taxes-just what we need-the government should stop all their wasteful spending but i guess that's too much to ask for-fiscal responsibility- !!!!
Richard Poulton November 12, 2012 at 06:26 PM
Like how about the $3.8 million just given to New Haven Schools to help make the kids smarter. They can't seem go help themselves keep give money away or find someother way to spend. The real funny part is this idiot will get re-elected, blaming the deficit on everyone and everything else but it's not his problem.
Flowers November 12, 2012 at 06:37 PM
What's the fun in getting elected if you can't spend money on crack pot social programs. Looks like we need to raise taxes and write some more laws.
Anthony M November 12, 2012 at 08:07 PM
Some of the largest tax increases ever along with making them retro and these people still cannot balance a budget. Democrats love to spend and ct keeps voting them in blindly.
Nee How Man November 12, 2012 at 08:21 PM
Quote: "State Republican leaders, however, lay the blame on the weakening effect on the state's economy of the $1.5 million in new taxes the Malloy administration implemented in the last year." Is that number correct? I personally feel it was more like $1.5 Billion. $1.5 million is 50¢ per capita. If feel like I was taxed more like $500!
Giancarlo "Luigi" Jones November 12, 2012 at 08:49 PM
Miss Julie, As you can see, I think its high time to ban all fake names permanently. Seriously disturbed people should not be allowed to mock public opinion with their foolhardiness. Lord help us.
Bunker November 12, 2012 at 09:26 PM
As a former drunken sailor I take offense! I had to stop drinking once I ran out of money as I could not print my own....
Troy November 13, 2012 at 01:16 AM
This is simple. Tax & sell marijuana much like Washington State just approved. Problem solved.
SolarPete November 13, 2012 at 12:30 PM
Just blame the problem on Hurricane Sandy Maybe the govenor should start having bake sales or possible selling off all the toys he has in the garage
Flowers November 13, 2012 at 01:45 PM
Hey. Has anybody on this blog stream been sending emails to Jil Kelley?
Anne November 13, 2012 at 05:07 PM
Does anyone know if all the layoffs that Malloy touted as his "cuts" every took place. i thought I read where almost all the State Troopers were back on the job--not saying we don't need troopers--more interested in the Administration side. Did he actually realize any of the savings? Did those layoffs occur?
Richard Poulton November 13, 2012 at 06:09 PM
On the right side of the tool bar above is an open space - type in "state budget deficit", hit the marker. This will open numerous Patch stories on the state's budget problems, going back to late November 2010 on into 2011 and this year. Makes for interesting reading.


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