State facing $2 billion annual structural deficits next two years

No matter who becomes our next governor or which party controls the legislature at the state capitol in Hartford, they will have their work cut out for them. While the bipartisan two-year state budget passed last year made some progress in helping to flatten the cost curve going forward, it is still the case that there are anticipated structural deficits of $2 billion and $2.6 billion respectively in the upcoming two fiscal years that will significantly test the mettle of state legislators and the executive branch.

FY19 operating budget guidelines set

In mid-February the Board of Finance set the expense limits it looks to see from the two operating boards—Selectmen and Education. Throughout this last November, December and January, their administrations had formulated the Plus One budget projections for the upcoming Fiscal Year 2019 which runs from July 1, 2018 through June 30, 2019.