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But Lembo express concern over rising inflation and evaporating housing affordability.
Comptroller Kevin Lembo expressed caution on rising housing costs.
He warned that uncertainty connected to the Delta variant of Covid-19 could impact the economic progress that the state has recorded in recent months, including seven consecutive months of job gains and a strong housing market.
“There is an ongoing crisis of health care affordability in Connecticut,” said Lembo.
Lembo warned first-time buyers might be priced out of the housing market.
"Lower income earners are still struggling," said Lembo.
“Positive economic signs, both nationally and here in Connecticut, are cause for optimism,” he said.
"This K-shaped recovery is worsening existing inequities both in Connecticut and across the country," said Lembo.
The comptroller insisted the state "must maintain financial discipline."
Lembo cautioned the forecast "should be treated with cautious optimism."
Lembo said the budget was "ultimately dependent upon the performance of the national and state economies."
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