budget surplus

Connecticut officially closed its 2026 fiscal year books on Sept. 30 with a surplus of more than $400 million, according to state Comptroller Sean Scanlon.

The majority of Democrats in the Connecticut General Assembly want to spend far more on some of their top priorities than Governor Ned Lamont's February budget proposal.

Connecticut House Democrats want to boost public education funding by tapping a $500 million energy tax rebate fund, drawn from the state’s budget surplus and proposed by Gov. Ned Lamont.

Connecticut Comptroller Sean Scanlon is concerned that the war in the Middle East might affect the state’s economy.

Connecticut officials project the state will end its fiscal year in June with a $136.3 million budget surplus, about $28 million less than projected last month, according to Comptroller Sean Scanlon.

Connecticut Senate Democrats approved using $500 million of state surplus money to backstop federal cuts to safety net programs in a special session on Thursday.

Connecticut Gov. Ned Lamont and state legislative leaders have agreed on a bipartisan plan to use $500 million from the state’s budget surplus to backstop federal cuts to social safety net programs.

Connecticut Gov. Ned Lamont has agreed with state lawmakers to use up to $500 million in state surplus to offset some of the federal funding cuts.

Connecticut is closing its 2025 fiscal year with a $410 million operating surplus, up from the $297 million previously projected, according to State Comptroller Sean Scanlon.

A coalition of Connecticut advocates wants a significant portion of this year’s $2.5 billion budget surplus allocated to offset recent federal funding cuts to social service programs.