Quantcast

Deficits persist in future years

Ben Barnes
Ben Barnes (Photo by Christine Stuart)

HARTFORD, Conn. –Gov. Dannel P. Malloy’s budget director told the news media Wednesday that the budget numbers end with 2015 and it would be wrong to report that there are deficits in 2016, 2017, and 2018.

However, if the consensus revenues adopted by the nonpartisan Office of Fiscal Analysis and Malloy’s budget office are compared to the spending estimates from legislative analysts, then there will be a $1.29 billion and $1.47 billion deficits awaiting the next General Assembly and governor.

“Spending has only been adopted through 2015,” Ben Barnes, Malloy’s budget director, said Wednesday. “We’re going to propose recommendations to adjust the appropriations for 2015. There’s no budget in place for any year after fiscal 2015. There’s no such thing, in my view, as a deficit or a surplus in years in which there is no appropriation in place.”

If that logic is applied to before Malloy took office, it would mean he did not inherit a $3.67 billion deficit.

“Um,” Barnes replied. “Eh. I don’t want to say that.”

See the complete story at CT News Junkie.

Comments

3 responses to “Deficits persist in future years”

  1. John Hamlin

    So stop spending so much money. It’s not rocket science — it’s finance. If you don’t have the money, don’t spend it and there won’t be a deficit.

  2. the donut hole

    Nothing to do with the 10% raises Malloy gave to the state workers unions, of course. It’s all Jodi Rell’s fault.

  3. Piberman

    As apples fall from trees Democrats’ loyalty to public unions will ensure future state deficits and higher taxes in CT as far as we can see. Come the next recession there will be howls of pain with new taxes. But only cheers from public unions with job guarantees and ever higher wages. Let’s all admire our Democratic state legislators – admired throughout the nation.

Leave a Reply


Recent Comments