The state faces a deficit of $121.2 million for the fiscal year ending in June, the Office of Policy Management said Monday.
The projection is down $11.6 million from OPM’s March projection because it incorporates the impacts of a third round of budget rescissions, which were announced three weeks ago and totaled $13 million.
OPM is one of three state agencies that issue regular projections of the state’s financial picture. And its projection is the most modest.
The nonpartisan Office of Fiscal Analysis said earlier this month that the deficit was $178.9 million, including the impact of the rescissions.
And State Comptroller Kevin Lembo said early this month that he had calculated the deficit to be $172.8 million. That calculation did not include the rescissions.
