budget surplus

Connecticut lawmakers have renewed a 2017 bipartisan budget control agreement for an additional five years. The original agreement produced $9 billion in state surpluses over the past four years.

Connecticut Governor Ned Lamont will present his next two-year state budget proposal to lawmakers on Wednesday. It includes tax cuts for more than a million state residents — the largest since the state’s graduated income tax rate was introduced in 1996.

Connecticut officials are projecting that the state will continue to have a significant budget surplus for the next four years.

Democrats are outspending their GOP opponents in the final month of the midterms.

New Haven Mayor Justin Elicker said a $17 million surplus and the upgrade to its credit rating mean the city's finances are improving.

Connecticut Governor Ned Lamont praised a historic $3.1 billion transfer of the state’s operating surplus into its budget reserve fund.

According to the revised figures released by the state’s budget office, Connecticut ended its 2022 fiscal year on June 30 with a $1.3 billion surplus.

The strong U.S. job numbers released for June have eased concerns about an imminent economic downturn. But if one were to happen, Connecticut is in good shape, said Governor Ned Lamont.

Connecticut officials project the state will end its fiscal year on June 30 with an additional $86.2 million budget surplus. That’s more than had been projected just a month ago.

Suffolk county remained the worst county in the metro area for ozone air pollution.