Connecticut is officially in the red to the tune of about $94 million just seven weeks into the current fiscal year, according to Gov. Dannel P. Malloy”™s administration.
Presently there is no resolution in sight for the two-year, $5.1 billion budget deficit. Legislative leaders from both parties are expected to meet today to further discuss possible solutions.
The administration issues a budget update on or about the 20th of each month to the comptroller”™s office; the July 20 report addressed the past fiscal year.
State Comptroller Kevin Lembo is scheduled to release his report on the budget situation on Sept. 1.