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Comptroller Lembo: $249.8M surplus for state, but challenges persist

"Lower income earners are still struggling," said Lembo.

CT Comptroller Lembo forecasts $131.4M surplus, but seeks more federal aid

“Positive economic signs, both nationally and here in Connecticut, are cause for optimism,” he said.

CT surprises by ending FY20 with surplus, but future outlook remains...

The Lamont administration is predicting a $2.1 billion deficit for FY21, which began on July 1, and a $3.5 billion deficit for fiscal 2022 and 2023.

Conn. Comptroller Lembo forecasts $126.1M surplus going into FY2020

Lembo cautioned the forecast "should be treated with cautious optimism."

Comptroller: Connecticut is running a $245.7M surplus

Lembo stated that his forecast represented "an $87.9 million improvement from last month's estimate."

Surprise! Connecticut may have ended fiscal year in the black

If the surplus is ultimately confirmed, Connecticut would avoid tapping into its budget reserve for the first time in three years.