- Associated Press - Saturday, December 19, 2015

HARTFORD, Conn. (AP) - The Office of Policy and Management is projecting Connecticut’s budget to end this fiscal year slightly in the black.

OPM, which is Gov. Dannel P. Malloy’s budget office, expects there will be a $200,000 surplus in the approximate $20 billion budget. The fiscal year ends June 30.

That projection, included in a letter sent Friday to state Comptroller Kevin Lembo, comes after the General Assembly met in a special session earlier this month and made approximately $214.3 million in spending cuts and holdbacks, as well as approximately $135.8 million in revenue changes, such as shifting funds from various accounts.

Meanwhile, the same report predicts cost overruns in some accounts this fiscal year. For example, there’s a $6.2 million deficiency in the state’s early child development program due to caseload increases.

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