State projected to end year in a deficit

The state budget office says Connecticut is projected to finish the fiscal year with a $121 million deficit.

The state budget office says Connecticut is projected to finish the fiscal year with a $121 million deficit. (4/21/15)

HARTFORD - Connecticut is on track to end the year in the red.

The state budget office says Connecticut is projected to finish the fiscal year with a $121 million deficit.

That is a slight improvement from projections made in February.

Budget officials say April tax collections could have a big impact on the spending gap, but it is still too early tell if they will help or make the deficit worse.

Connecticut's fiscal year ends June 30.

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