Current State Budget Deficit Jumps $62 Million From October Estimate.
One way to tell an election in Connecticut is over is to watch budget deficit estimates. This month’s estimate, released Friday afternoon, grew by $62 million to $67.7 million, according to a Friday afternoon letter from budget director Benjamin Barnes to State Comptroller Kevin Lembo. Revised revenue predictions account for $49.3 million of the added red ink. Increased spending is the cause of the remaining $12.3 million in news from Barnes’s permanent crisis.