State law requires that on the 20th of every month, the Governor’s administration MUST inform the State Comptroller about any known budget deficit. The State Comptroller, in turn, uses that information to help guide his mandated monthly report that is issued on the first of each month.
In October, Malloy’s budget division told State Comptroller Kevin Lembo that the budget was in balance, but as it turns out, that was a lie.
As Keith Phaneuf at the CT Mirror is reporting today;
Gov. Dannel P. Malloy’s administration last month warned dozens of state agency heads of a significant shortfall in the current budget — but continues to officially report that finances remain in balance.
Malloy’s top budget chief told Malloy’s commissioners that there was a deficit, yet day later, sought to mislead Lembo about the problem. Lembo, in turn, provided the public with a report that wasn’t accurate.
Early last summer Governor Malloy and the Democratic members of the Connecticut General Assembly adopted an austerity budget that cut vital services. Governor Malloy swore the budget was balanced when he signed it. Months later, when they knew there was a budget deficit appearing, they decided to overlook that fact when issuing their required financial report.
Six weeks before this critical election, Team Malloy choose to mislead the public.
As the CT Mirror explains;
Shortly after the budget was approved, analysts noted that summer income, sales and corporation tax receipts were weaker than anticipated. Since then, administration plans to save money from layoffs have progressed much more slowly than anticipated, further raising concerns about whether the new budget was balanced.
Still, the administration has reported no problems with the budget since the fiscal year began on July 1. It’s last monthly budget projection, filed Sept. 20 with Lembo’s office, held that finances were in balance and that revenues for the General Fund — which covers most operating costs in the budget — were coming in as anticipated.
Yet two weeks earlier, in a Sept. 6 memo imploring all agency heads to keep their spending requests lean in the next budget, Barnes estimated that General Fund revenues in the current budget would total $17.75 billion — $133 million less than the amount needed to balance the current budget.
What is the public to think when the governor of the state of Connecticut lies to the public about the size of the budget deficit?
Of course, the sad reality is that this isn’t the first time Malloy and his team have mislead voters about the budget in order to hide the truth for political purposes.
Remember, this is the governor who refused to admit there even was a deficit in 2014 until 10 days after he was re-elected to a second term in office. It was only then that the public was told about the growing fiscal crisis that lead to this year’s disastrous budget deal.