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Nonpartisan analysts say Malloy rescissions don’t cut as much as estimated

Office of Policy and Management Secretary Ben Barnes and Office of Fiscal Analysis Director Alan Calandro (CTNJ File Photo)Office of Policy and Management Secretary Ben Barnes and Office of Fiscal Analysis Director Alan Calandro (CTNJ File Photo)
Office of Policy and Management Secretary Ben Barnes and Office of Fiscal Analysis Director Alan Calandro (CTNJ File Photo)Office of Policy and Management Secretary Ben Barnes and Office of Fiscal Analysis Director Alan Calandro (CTNJ File Photo)

HARTFORD, Conn. – Budget cuts enacted by Gov. Dannel P. Malloy last month to help close a nearly $100 million deficit will have about half the impact estimated, according to a Thursday report from nonpartisan fiscal analysts.

Malloy’s office estimated his rescissions would trim about $54.6 million from the state’s budget deficit, which they estimated at $99.5 million. But the Office of Fiscal Analysis, which pegged the deficit at $89.1 million, says Malloy only cut about $24.6 million from the deficit. That means he left about $64.5 million in red ink.

Analysts say Malloy’s cuts will be heavily tempered by losses in federal revenue and overlaps with existing lapses.

See the complete story at CT News Junkie.

 

 

 

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One response to “Nonpartisan analysts say Malloy rescissions don’t cut as much as estimated”

  1. piberman

    No Governor in recent memory has had budget forecasts so consistently discredited by the OFA as Gov Malloy’s.

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