Faced with a deficit that keeps growing, Gov. Dannel P. Malloy will be cutting approximately $150 million from the state budget this week.
According to the Hartford Courant, that’s the most the governor is allowed by law to cut. State legislators will reportedly have to find $200 million in savings by the end of the year in the $2 billion budget.
The deficit is expected to total $1.1 billion in the next fiscal year and is already at $265 million for this year in the biennial budget.
Gov. Malloy said that fixing the deficit will not require new taxes and that poor economic conditions affecting much of the country are to blame.