“Comptroller Kevin Lembo today announced that the state is currently on track to end Fiscal Year 2013 with a deficit of at least $415 million based on current spending patterns and revenue projections.”
Although just last week, Ben Barnes, Malloy’s budget chief, continued to maintain that the deficit was $365 million, State Comptroller Lembo has set the record straight. It is $50 million higher than the Malloy administration has admitted and continues to grow larger.
According to Lembo’s press release, “Statewide agency appropriations projected to year end are running above their appropriated levels even after consideration of OPM’s estimated deficiency appropriations…Medicaid – the largest single gross appropriation line-item in the budget – is significantly above the budget target.
To translate that into common speech, even as late as last week, the Malloy Administration was finding it impossible to tell the truth.
When putting together the budget, the Malloy Administration underestimated what the state would need to cover Medicaid expenses. In addition, the Malloy Administration claimed it would achieve savings it never achieved and finally, the poor economy has meant that the number of Medicaid cases as grown. As of now, Malloy’s Medicaid budget missed the mark by more than a quarter of a billion dollars.
Incredibly, even now, Malloy and his handlers refuse to come clean with the Connecticut media or the public.
Check back later for updates from the Connecticut media as they become available.