It’s been widely reported that the state’s own Office of Fiscal Analysis is projecting that the new fiscal year beginning Aug. 1 will end in June 2015 with a deficit of $1.4 billion if nothing is done. Analyses projecting two fiscal years out show that deficit only increasing — to a total now being estimated at $3 billion.
From a $121.3 million surplus to a deficit more than 10 times that amount in a year: Wait, what?
Editorial: Connecticut’s ‘surplus’ is really a deficit of billions
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