Democratic Governor Dannel Malloy says it’s too early to predict if Connecticut will generate enough tax revenue this season to avoid a deficit by the end of its fiscal year on June 30.
“It’s early in the process. We’ve seen some strengthening in some of our revenue sources. And quite frankly until the end of the month, we are not going to have a great idea.”
The governor is responding to a projection released on Monday by fellow Democrat State Comptroller Kevin Lembo saying that the state would likely end the fiscal year with a $44 million deficit.
Lembo’s projection is in contrast to the governor’s budget director Ben Barnes. Two weeks ago he projected that the state would end the fiscal year with a $22 million surplus.
