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Thursday, October 6, 2022
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Comptroller Lembo predicts $894.7M General Fund surplus

But Lembo express concern over rising inflation and evaporating housing affordability.

Comptroller Lembo projects General Fund surplus of $482.3M

Comptroller Kevin Lembo expressed caution on rising housing costs.

Comptroller Lembo updates forecast with projected $265.3M General Fund surplus

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.

New index introduced to measure Connecticut health care costs

“There is an ongoing crisis of health care affordability in Connecticut,” said Lembo.

Comptroller Lembo expands surplus projection to $470.5M

Lembo warned first-time buyers might be priced out of the housing market.

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 Comptroller Lembo projects $1.26B deficit and K-shaped recovery for state

"This K-shaped recovery is worsening existing inequities both in Connecticut and across the country," said Lembo.

Connecticut’s rainy day fund hits new $3.03B peak

Lembo also projected Connecticut is heading into Fiscal Year 2021 with a $2.1 billion deficit.

CT Comptroller Lembo projects $31.6M budget deficit for FY 2020

The comptroller insisted the state "must maintain financial discipline."

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

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

Comptroller: Connecticut on track for $700.9M budget surplus

Lembo said the budget was "ultimately dependent upon the performance of the national and state economies."

CT Comptroller Lembo projects $594.5M deficit

"Recent indicators show that the State of Connecticut continues to lag behind the nation’s economic recovery in key areas," said Comptroller Kevin Lembo.

General fund ends fiscal year with surplus

The state ended the 2013 fiscal year with a $236.6 million general fund surplus, Comptroller Kevin Lembo reported July 1.

Deficit projections shrink by $40 million

Comptroller Kevin Lembo on April 1 projected a $91.3 million state deficit for the end of the 2013 fiscal year, a $40 million decrease from his last projection.
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