Connecticut will likely end the 2003 fiscal year with a $361.4 million deficit, state Comptroller Nancy Wyman said Tuesday.
The Democrat’s estimate is about $80 million higher than the deficit projected by Republican Gov. John G. Rowland’s budget office. Wyman said she believes Connecticut’s income tax and corporation tax will bring in less money than the governor’s office is predicting.
“I expect the state economy to show modest growth over the next year,” Wyman said. “But even with some small percentage gains in the major tax categories, I do not expect revenues to keep pace with government spending.”