Despite Setting a High Bar, Mounting $934 Million and $2.2 Billion Deficits Spur Announced Four-phase Reopening for Connecticut

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Governor Ned Lamont announced a four-phase reopening plan beginning May 20 in hopes of capturing increased sales and income tax revenues as the state faces a $934 million deficit in fiscal year 2020 and a projected $2.2 billion deficit in fiscal year 2021 caused by efforts to control the spread of COVID-19. “The numbers are […]
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