Gov. Malloy predicts budget process will ‘take a long time’
Malloy said Friday he understands the difficulties the legislature is facing but notes: “It’s time for everyone to step up.”
The new fiscal year that begins July 1, is projected to be approximately $1.7 billion in deficit. But that figure could worsen after new revenue projections are released Monday. Malloy’s budget office has warned that personal income tax revenue collections have fallen short of estimates.
Malloy has invited legislative leaders to meet with him early next week to begin budget talks. He is predicting the negotiation process could go into “extra innings.” The session adjourns June 7.