new york connecticut cancel pay raise managers state agencies late projections suggest state fiscal situation may much bad previously think top officials say monday cancel raise early indication harm do state fiscal crisis many cut expect year officials struggle budget deficit could high 900 million come fiscal year although high-profile amount involve largely symbolic cancellations affect 1,950 employees represent save 12.74 million two years figure include pay freeze judicial branch connecticut slash revenue forecast weak stock market cut capital gain tax receipt play large role budget also meet resistance try raise tax general electric move headquarter state early year responsibility taxpayers connecticut move forward managerial raise time many state program see reductions many state job likely eliminate write ben barnes secretary office policy management letter co-sign brian durand chief staff democratic governor dannel malloy report last week non-partisan office fiscal management say deficit could high 900 million next fiscal year begin july 1. early estimate barnes office put deficit 570 million raise already postpone twice would award friday suspend indefinitely connecticut cancel pay raise managers budget woes bite