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CT to pay down pension debt by $1.6 billion

It's the second year in a row – and just the second time in history – that excess money in the state’s Budget Reserve Fund will be used to pay down the pension debt.

CT will use $1.2 billion to further pay down pension debt

State Treasurer Shawn Wooden said that Connecticut is on track to end fiscal year 2021 with a $157 million surplus, as well as a historically high rainy day fund balance of nearly $4.38 billion.