‘Permanent Fiscal Crisis’ Ends with Good Budget News

OFA budget projections

Monday’s news is starkly different from a message delivered in 2014 – when then Budget Secretary Ben Barnes announced Connecticut was in ‘a period of permanent fiscal crisis.’

By Christine Stuart, CTNewsJunkie.com 

Connecticut lawmakers on the two budget writing committees received good news Monday. For the first time in at least five years tax receipts are growing faster than fixed costs.

“Revenues are growing essentially faster than fixed costs,” Neil Ayers, director of the Office of Fiscal Analysis, told lawmakers Monday.

Click here to read the rest of the article on CTNewsJunkie.com.

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