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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.

State deficit projections rise

The nonpartisan Office of Fiscal Analysis (OFA) of the Connecticut General Assembly is forecasting a $138.6 million deficit for the fiscal year ending June 30 and a $2.5 billion deficit for the 2014 and 2015 fiscal years.

Deficit projected as Medicaid spending balloons

A new report shows Connecticut is on pace to end the 2013 fiscal year with a $60.1 million deficit, largely as a result of rising Medicaid costs and what one official described as “skyrocketing” enrollment.