WYMAN SAYS DEFICIT SHRINKING, ECONOMY MAY BE IMPROVING
Seal of the  State of Connecticut, Office of the State Comptroller

STATE OF CONNECTICUT

NANCY WYMAN
COMPTROLLER

OFFICE OF THE STATE COMPTROLLER
55 ELM STREET
HARTFORD, CONNECTICUT 06106-1775

MARK OJAKIAN
DEPUTY COMPTROLLER
WYMAN SAYS DEFICIT SHRINKING, ECONOMY MAY BE IMPROVING
Contact: Steve Jensen
860-702-3308

State Comptroller Nancy Wyman today projected that the state will end the 2002 fiscal year with a budget deficit of $95.7 million, and said there are signs that the state's economy may be improving.

Wyman's deficit estimate is $187.8 million less than her October projection, due to the General Assembly's passage of a bill in a special legislative session last month that reduced planned spending by about $200.6 million.

"The quick action taken to address the deficit, combined with some improvement in overall revenues, has brought the deficit back to a manageable level," Wyman said. "I am also encouraged by positive trends in retail sales, jobs and the housing market. These indicators support my cautious optimism that the state could see a modest growth in revenues by next spring."

In her monthly report to the Governor, Wyman noted that:

The State Comptroller appreciates input on this and other issues from residents of the state. Please feel free to contact her office by phone - (860) 702-3300; mail - OSC, 55 Elm Street, Hartford, CT 06106; or, via E-mail - osc.opinions@po.state.ct.us

Learn more about the Connecticut Comptroller's Office by calling up our Internet Home Page, at the link below.

For Immediate Release
December 3, 2001

Back to Comptroller's Home Page
Back to Index of Comptroller's Press Releases