FROM THE NEWSROOM: HARTFORD, Conn. (AP) — Connecticuts governor has announced $31.5 million in spending cuts to help close a budget shortfall. The cuts announced Friday afternoon follow $54.6 million in cuts ordered by Gov. Dannel P. Malloy in November to address a projected deficit of more than $120 million. Malloys budget director, Ben Barnes, will take additional steps if necessary to keep the budget in balance. Barnes has said the state will balance its books by June 30. The new round of cuts includes $6 million expected from the Judicial Branch, $2.3 million from operating expenses at the University of Connecticut, and $1.5 million from the Connecticut State University system. The state comptroller says the projected deficit has grown in part because of lower-than expected gas tax collections, caused by falling gas prices.
Posted on: Fri, 23 Jan 2015 21:30:01 +0000
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