Fasano, Klarides Statement on OPM Deficit Projection

April 20, 2016

Hartford – Senate Minority Leader Len Fasano (R-North Haven) and House Republican Leader Themis Klarides (R-Derby) released the following statement regarding the Office of Policy and Management’s new deficit projection of $141.4 million in fiscal year 2016.

“It’s disappointing to see these new projections, which further show the severity of the problems facing our state. But until leaders realize that this is not a new economic reality, that this is the reality our state has been facing for years under the current fiscal policies, we will remain stuck in a pattern of crisis. That’s why it’s so frustrating to see some Democrats still saying the outlook could improve in the next few weeks. This is also why we need to do more than cut and close the immediate deficit before us. We also need to implement long-term structural changes to restore predictability and stability to our budget. Right now, the unpredictability of our state finances is crippling. We have to fix the problem at hand, but we also have to shift the direction of our policies for the long-term.”