State Budget Deficit Grows – Fasano Statement on Consensus Revenue

November 10, 2016

State Budget Deficit Grows
Budget Analysts Report Further Revenue Deterioration

Hartford – Senate Minority Leader Len Fasano (R-North Haven) released the following statement regarding the consensus revenue projections released today by the Office of Policy and Management and the Office of Fiscal Analysis. The projections show an increase in revenue deterioration leaving a deficit of approximately $99 million in the General Fund for the current fiscal year and further increasing deficits in future budget years.

“Republicans have been asking for months for lawmakers to start looking at the budget and talking about how we can fix the issues that we know exist today. Every day that goes by without action only makes the problems worse. Now that elections are over, I hope that all lawmakers will finally be willing to begin that conversation with us. In the past few weeks not only have we seen this year’s deficit grow, we have also seen budget shortfalls in future years grow by over $500 million. These are problems that we cannot wait to address. We have to come together and start talking about solutions now.”