Darienite (https://darienite.com/tag/state-budget)
To the editor:
Our state is headed for a record $2 billion annual deficit. It’s a real fiscal crisis that’s so out of control, it’s crazy! As a taxpayer, I’m outraged. I read GE is leaving Connecticut. I see my friends moving out of state.
By Jim Demark, Bert von Stuelpnagel
Editors note: The writers are both members of the Darien RTC
The State of Connecticut has major budget problems, short-term and long-term. On Thursday, Feb. 25, the nonpartisan Office of Fiscal Analysis revised its deficit projections for the current fiscal year ending June 30, 2016 to $266 million, its third negative revision in as many months. The budget for the next fiscal year beginning July 1, 2016 is now out of balance by $900 million compared to original assumptions. Each of the two following years have deficits of $2 billion, more than 10 percent of the state’s operating budget.