April 24, 2012 | last updated June 1, 2012 2:06 pm

Malloy aides' help sought limiting 2012 deficit

The Malloy administration, fearful of the impact of declining state revenue projections, is asking agency chiefs to deepen their efforts to save money heading into the final nine weeks of this fiscal year.

In a letter Tuesday to all agency commissioners, state Budget Director Ben Barnes said the latest projections are for a $142 million gap this fiscal year between what the state collects in taxes and fees and what it pays out in salaries, refunds and other expenses. The fiscal year ends June 30.

"In particular, we remain concerned about income tax revenue which appears to be trending in the wrong direction as we go through our busiest collection week of the year,'' Barnes wrote. "We have already undertaken rescissions. We have already encouraged you to defer any purchases or commitments that can be deferred.

"... I am writing to ask that you redouble your efforts to save money this year. Any efforts that you and your staffs can undertake to reduce our spending in FY 2012 will help us to end the year in balance, and will strengthen our position as we head into the new fiscal year.''


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