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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.

Treasurer Shawn Wooden: The Business Journal Interview

“I feel very strongly that, just because (the rainy day fund) is there, we should not deplete it. While it's raining today, we don’t know how long the rain is going to last – or when it’s going to start raining again."