by The Associated Press | Jul 3, 2018 | Banking & Lending, CR Daily, Industry News
State Comptroller Kevin Lembo is predicting the last fiscal year has ended with a lower than anticipated deficit.
by The Commercial Record | Nov 13, 2017 | CR Daily, Executive Briefing, Industry News
The state remains on track to end the current fiscal year with a $93.9-million deficit under the provisions of Gov. Dannel P. Malloy’s Executive Order Resource Allocation Plan, according to a statement from Comptroller Keven Lembo.
by The Commercial Record | Sep 6, 2017 | CR Daily, Executive Briefing, Industry News, Uncategorized
The state, absent a budget for Fiscal Year 2018, is on track to end the year with a deficit of $93.9 million under the provisions of an executive order by the governor, according to a statement by Comptroller Kevin Lembo.
by The Commercial Record | Jun 2, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News
Comptroller Kevin Lembo said in a statement on June 1 that, following spending rescissions last month, the state is on track to end the current fiscal year in deficit by $325.4 million.
by The Associated Press | Apr 4, 2017 | Commercial & Industrial, CR Daily, Executive Briefing, Industry News
State Comptroller Kevin Lembo says he now expects Connecticut will end the current fiscal year with a $44.6 million deficit, instead of a surplus projected by the governor.
by The Associated Press | Oct 14, 2016 | Commercial & Industrial, CR Daily, Executive Briefing, Industry News
The General Assembly’s nonpartisan fiscal office says Connecticut’s main spending account is currently projected to be almost $78 million in deficit.
by The Associated Press | Apr 21, 2016 | Commercial & Industrial, Executive Briefing, Industry News
New figures show Connecticut still has a $141.4 million deficit in the current fiscal year’s general fund account, less than a month after Democrats and Republicans passed a bipartisan plan to fix the problem. Democratic Gov. Dannel P. Malloy’s budget director...
by The Associated Press | Mar 24, 2016 | Commercial & Industrial, Executive Briefing, Industry News
Democratic leaders have offered their ideas for covering this fiscal year’s deficit ahead of a vote on a bipartisan plan in the works to fix it. Democratic and Republican legislative leaders met privately on Wednesday with Democratic Gov. Dannel P. Malloy. The...
by The Associated Press | Mar 2, 2016 | Commercial & Industrial, Executive Briefing, Industry News
Connecticut’s comptroller is agreeing with the state Office of Fiscal Analysis that the current deficit is worsening and eroding state revenues are partly to blame. State Comptroller Kevin Lembo announced Tuesday he projects the current fiscal year will end with a...
by The Commercial Record | Dec 9, 2015 | Commercial & Industrial, Executive Briefing, Industry News
The following are highlights of the deficit-cutting plan being debated during Tuesday’s special legislative session, called by Gov. Dannel P. Malloy to help close an approximately $350 million shortfall in this year’s $20 billion budget and to make other changes. The...
by The Associated Press | Nov 24, 2015 | Executive Briefing, Industry News
State legislative leaders say they’re making progress toward reaching a possible bipartisan plan to close Connecticut’s mid-year budget shortfall. Democratic and Republican lawmakers met privately with Democratic Gov. Dannel P. Malloy on Monday for more than an hour....
