Connecticut's projected general fund deficit for fiscal 2015 is $121.2 million, a nearly $12 million improvement from last month, according to state budget director Benjamin Barnes.
The April projection factors the impact of the third round of recissions, or budget cuts, that Gov. Dannel Malloy's administration implemented on April 1, Barnes said in a letter to state Comptroller Kevin Lembo.
According to Barnes, it is still too early to early to predict how personal income tax filings will affect the shortfall.
"It should be noted that April income tax collection data will be finalized in the next few weeks and any significant deviations [positive or negative] will impact year-end results," said Barnes.
Barnes said the administration will continue to scrutinize the budget, notably with position refills and contract request