Nonpartisan analysts: 2015 budget is running a $191M deficit

HARTFORD, Conn. – Nonpartisan legislative analysts estimated Wednesday that the 2015 budget deficit is even worse than what Democratic Gov. Dannel P. Malloy’s administration projected last week.

The Office of Fiscal Analysis estimated that the state was on track to end the fiscal year with a $191 million deficit. That’s $52.8 million more than Malloy’s budget office projected just five days ago on March 20.

If state Comptroller Kevin Lembo agrees with OFA’s projections next month, then it could be enough to trigger a deficit mitigation. If the deficit reaches 1 percent of the General Fund, then the governor has to submit a deficit mitigation plan to the legislature. The trigger for the 2015 budget is about $175 million.

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