Gov. Dannel P. Malloy is taking heat over a big deficit projected for after the election — and very little savings to offset it. He could have reduced that deficit and amassed more than enough reserves to cover it. But it would have meant ignoring big problems with town aid and workers’ pensions.
Emergency Budget Reserve (what's this?)
Source: Office of Fiscal Analysis note for HB 5596; CT Conference of Municipalities; Office of the State Comptroller; Emergency Budget Reserve includes projected FY 14 surplus