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Connecticut Revenues Fall After Recent Budget Cuts

Connecticut Public Radio | By The Associated Press
Published January 16, 2016 at 9:27 AM EST
Mamata.mulay
/
Creative Commons
The Connecticut State Capitol.
December's special legislative session to fix an earlier $350 million deficit did not solve the problem.

New state revenue estimates show Connecticut continues to face deficit problems despite recent efforts by lawmakers to make spending reductions. 

The state's $18 billion general fund is projected to end the fiscal year $26.8 million in the red, according to revenue estimates released Friday by the budget offices of the governor and General Assembly.

Declining income tax revenues are partly to blame.

While small, the shortfall indicates December's special legislative session to fix an earlier $350 million deficit did not solve the problem.

House Minority Leader Themis Klarides said the projections underscore how "perilous" the state's finances are.

Gian-Carl Casa, spokesman for the governor's budget office, said "the world is changing and we're going to need to make the tough but necessary steps to change with it."
The Associated Press
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SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

Federal funding is gone.

Congress has eliminated all funding for public media.

That means $2.1 million per year that Connecticut Public relied on to deliver you news, information, and entertainment programs you enjoyed is gone.

The future of public media is in your hands.

All donations are appreciated, but we ask in this moment you consider starting a monthly gift as a Sustainer to help replace what’s been lost.

Donate