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State report says CT facing $4.3B budget deficit over next two...

The state's Special Transportation Fund could become insolvent by 2024, according to the nonpartisan Office of Fiscal Analysis.

CT budget deficit forecast cut by 40% – but state hardly...

Office of Policy and Management Secretary Melissa McCaw has decreased Connecticut’s projected budget deficit by 40% – although the figure remains at $1.2 billion. Last month...

CT surprises by ending FY20 with surplus, but future outlook remains...

The Lamont administration is predicting a $2.1 billion deficit for FY21, which began on July 1, and a $3.5 billion deficit for fiscal 2022 and 2023.

CT will end year $22.9 million in the red, OPM Secretary...

"Agencies are making efforts to curtail hiring and discretionary expenditures, and the governor is prepared to exercise recission authority if necessary to mitigate against ending the year with an operating deficit," according to McCaw.

Lawmakers go into overtime again on state budget

For the current fiscal year, which ends June 30, the state faces a budget deficit of about $200 million.

CT Comptroller Kevin Lembo increases budget deficit estimate to $224M

The comptroller warned about long-term ramifications of a new federal tax law that he said will disproportionately shift an even greater share of the federal tax burden on high-income states like Connecticut.

Legislative leaders, Malloy to discuss projected $207.8 million budget deficit

Senate Republican President Pro Tempore Len Fasano and Gov. Dannel Malloy's office are engaged in a war of words about the situation.

House, Senate approve changes to Connecticut state budget

The bill implements changes in the structure of the controversial hospital tax, among other things.

Legislative leaders eye possible billion-dollar deficit in 2016-17

The Business Council of Fairfield County recently hosted several legislative leaders as part of breakfast forum dedicated to addressing the state's budget crisis.