Comptroller: Connecticut on track for $28 million deficit
<p>Connecticut is on track to end the current fiscal year with a $28 million budget deficit. That's according to state Comptroller Kevin Lembo. Lembo attributes much of the projected deficit, about $24 million, to...</p>
News 12 Staff
•
Jan 4, 2020, 3:16 PM
•
Updated 1,572 days ago
Share:
HARTFORD, Conn. (AP) - Connecticut is on track to end the current fiscal year with a $28 million budget deficit.
That's according to state Comptroller Kevin Lembo. Lembo attributes much of the projected deficit, about $24 million, to fewer than anticipated retirements of state employees. The fiscal year ends on June 30.
Lembo's report to Gov. Ned Lamont examined other aspects of Connecticut's economy including housing figures.
Citing a report from Berkshire Hathaway HomeServices, he noted sales of single-family homes declined 7.18% in November 2019, compared with November 2018.
Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
