State expected to have budget deficit

Officials say the $18 billion general fund may have a $7.1 million dollar deficit by the end of June.

Officials say the $18 billion general fund may have a $7.1 million dollar deficit by the end of June. (1/21/16)

HARTFORD - Connecticut officials are expecting the state to end the fiscal year with a multimillion-dollar deficit.

Officials say the $18 billion general fund may have a $7.1 million deficit by the end of June.

Recent state estimates show revenues are down $26.8 million.

Officials say the loss will be partially offset by $19.7 million worth of savings from reduced spending.

advertisement | advertise on News 12

Trending Video

Officials say the incident happened around 2 a.m. 1 1 injured in Stamford shooting
Police say they are investigating a shooting in 2 Police: 22-year-old shot in Bridgeport
Police have arrested and charged the alleged suspect 3 Police arrest alleged suspect in Bridgeport shooting
News 12 asked viewers what they thought of 4 Connecticut Talks Trump: First 100 Days
Police say a Bridgeport man was shot multiple 5 Man shot multiple times in Bridgeport apartment complex

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE