Projected revenue figures from Connecticut’s usually non-partisan Office of Fiscal Analysis (OFA) have been fairly accurate. The accuracy of figures produced by agencies used in assembling budgets is generally proportionate to the political independence of the number crunchers. And of course all figures utilized by partisans – especially during elections, which bend hard truths to suit the ambitions of the reigning power – should be viewed with a great deal of suspicion.
The figures most recently released by the OFA are balled fists.
This year’s budget could be in the red by as much as $266 million, a too frequent occurrence during the entire administration of Governor Dannel Malloy.