State Comptroller Nancy Wyman sent a letter to Republican Gov. M. Jodi Rell and legislators warning them that she has to close the books Sept. 1.
Wyman’s letter warns of the fiscal implications should the Democratically-controlled legislature and Rell fail to agree on a budget before that time.
While both sides have presented budgets which borrow money to cover the close to $1 billion 2009 budget deficit, Wyman’s letter warns that in order to balance the books she will need to use the $1.4 billion rainy day fund to cover the deficit if the legislature and governor fail to act.
Read the letter and the complete story at CT News Junkie.
