ADVERTISEMENT

ADVERTISEMENT


Stay Connected
ADVERTISEMENT


Comptroller: Connecticut has $33.2 million surplus


HARTFORD — Connecticut Comptroller Kevin Lembo says the state budget is on track to end with a $33.2 million surplus.

While the state’s new fiscal year began on Tuesday, the surplus won’t officially be determined later this year after the state’s books have been audited and closed for fiscal year 2014.

Lembo’s latest projection, released Tuesday, marks a $10.1 million reduction from last month’s estimate. He said state revenues are down from last month, but attributed that decline to outstanding federal reimbursements the state has not yet received.

As required by state law, the budget surplus will be deposited into the Budget Reserve Fund, also known as the Rainy Day Fund.

Lembo said Connecticut’s overall economy “has shown signs of gradual but erratic improvement.”



Back to State
Top Stories of the Week

FBI agents investigating Wallingford accounting firm …
WALLINGFORD — The FBI seized documents Tuesday from a South Elm Street accounting firm as part of an ongoing fraud investigation, according to authorities. Business … more ...

Car crashes into Meriden gym causing heavy damage to pillar …
MERIDEN — One woman was hospitalized with minor injuries after her car crashed into the front of a South Broad Street gym Wednesday morning, causing … more ...

Tony Bennett dines in downtown Wallingford before concert at the …
WALLINGFORD — Legendary singer Tony Bennett dined at a downtown restaurant Monday night before taking the stage with Lady Gaga. Bennett and Gaga were scheduled … more ...

Wallingford man awarded $4.25 million in medical malpractice suit against …
NEW HAVEN — A Wallingford man was awarded $4.25 million by a jury in New Haven court Wednesday as compensation for surgery at MidState Medical … more ...

City man accused of molesting two children for years …
MERIDEN — A city man is accused of molesting two children repeatedly over the course of several years. Antonio Montesdeoca, 22, of 154 Bunker Ave., … more ...

Comments