Budget deficit and debt
What’s the difference? What does it have to do with the state budget? Deficit is a measure of a single year’s budget shortfall, it's a difference between what our state government takes in and what it spends. In recent years, the deficit has been increasing, thanks to bad leadership, people and companies leaving, and increasing government spending. Our upcoming deficit will hit a mind-boggling $6 Billion for the next two fiscal years.
Part of the annual budget goes to paying debt. Debt=all money owed, which is an astonishing $80-100 Billion. Our tax dollars paid over $2 Billion towards debt last fiscal year alone! Learn more on how I will fix both at http://www.micah4ct.com/platform