Could Connecticut's state deficit really jump from $60m to $365m in a month? That would be a No - Wait, What?

Could Connecticut's state deficit really jump from $60m to $365m in a month? That would be a No - Wait, What?:

Could Connecticut’s state deficit really jump from $60m to $365m in a month? That would be a No

by jonpelto

According to Connecticut law, by the twentieth day of each month, the Governor’s Office of Policy and Management must provide the Office of the State Comptroller with a statement of “revenues and expenditures for the General Fund.”

Using this information, and his own budget experts, the State Comptroller then produces the state’s official financial statement that is released on the first of each month.

A couple of weeks before the election, OPM reported that the projected deficit was $60 million.

A couple of weeks after the election, OPM reported that the projected deficit was $365 million.

As to the question of whether a state deficit could leap from $60 million to $365 million in