State surplus really a deficit of billions

If you read a July 22 statement from Gov. Dan Malloy, whois seeking a second term in November, you’d feel good about Connecticut’s fiscal house.

OPINION

It opens like this: “Gov. Dannel P. Malloy today announced that Connecticut ended Fiscal Year 2014 with an estimated $121.3 million surplus, bringing the state’s Rainy Day Fund to a four-year high of $392 million. The figures, helped by reduced...

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