Lembo: It\’s Possible Deficit Could Be Eliminated Entirely

by Categorized: Gov. Dannel Malloy, Kevin Lembo Date:

\"lemboComptroller 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 low rates of General Fund spending growth. This low growth in spending has also helped to mitigate the Fiscal Year 2013 deficit.

 Connecticut’s economy is showing signs of a moderate, but steady, recovery.

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