GOP, Dems Both Lack Solution to CT’s Cycle of Budget Deficits

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GOP, Dems Both Lack Solution to CT’s Cycle of Budget Deficits

By Keith M. Phaneuf | CTMirror.org

Despite their many disagreements over how the next state budget should look, Republican and Democratic legislators have one key element in common: Neither of their plans would spare Connecticut from grappling with another massive budget deficit two years from now.

The legislature’s nonpartisan Office of Fiscal Analysis says the two-year budget crafted by Republican legislators and passed in the House and Senate late last week would balance the state’s books this fiscal year and next — wiping out a $3.5 billion deficit in the process.

But that same plan, unless adjusted, would run $3.31 billion in the red between 2019 and 2021.

And the alternative budget developed by Gov. Dannel P. Malloy and Democratic legislative leadership would fare even worse, with a potential shortfall of $3.58 billion.

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September 30, 2017

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