Comptroller Kevin Lembo writes Gov. Malloy today with news that the projected state deficit has dropped to $91.3 million, $40 million less than last month:

It should be noted that both the actual expenditure growth trend through February, and the OPM (Office of Policy and Management) spending target, represent historically [...]

The projected spending shortfall for this year has increased to $140 million, according to Kevin Lembo, the state controller.

In a letter to the governor, Lembo notes that “overall employment for 2012 has now turned negative with the loss of 100 payroll jobs. This follows a gain of 7,800 jobs in 2011.”

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