The comptroller’s latest budget projections released today point to worsening news for Connecticut and could likely result in a year-end deficit, an outcome rejected by the Malloy administration, House Republican Leader Themis Klarides said.
“Two of the three budget forecasters, the Office of Fiscal Analysis and Comptroller Lembo, are nearly identical in their projections at around a $45 million deficit for the current fiscal year. The Governor says we have a $22 million surplus. Someone is wrong,’’ Klarides said. “It is an ominous sign as we get into the real mechanics of putting together a budget for the next two years.’’
Klarides noted that the comptroller cited an erosion of income tax receipts as the chief reason for the apparent deficit. “It is always dangerous to bank on a really strong April for income tax receipts to bail out the state,’’ Klarides said. She added that she hopes Gov. Malloy turns out to be right in this matter.