News Junkie: Survey finds budget situation is impacting consumer confidence

HARTFORD, Conn. — Connecticut residents are beginning to worry about how the lack of a state budget will impact their personal budgets, according to a survey by InformCT.

The survey indicates that “it is possible the uncertainty of the state’s budget situation may be contributing to the decreased likelihood of purchasing.”

Sixty-nine percent of respondents said that state budget cuts would have some or a significant effect on their personal budgets. The percentage expecting an impact on their personal budgets from state budget cuts grows as respondent incomes decrease.

But the 505 residents surveyed are divided on how to resolve Connecticut’s two-year budget deficit. After the labor concessions were approved earlier this week, legislative leaders are still working on resolving a $3.5 billion budget deficit.

Read the full story on CT News Junkie.