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2013 Surplus Put At $312 Million As Revenue Continues To Come In

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(Courtesy Department of Social Services)

(Courtesy Department of Social Services)

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Though Connecticut ended its last fiscal year a month ago,  revenues for 2013 continue to come in,  and, as a result, State Comptroller Kevin Lembo is predicting a state surplus of more than $312 million  —  up $123 million from last month,  and up more than $700 million since December,  when the state implemented deficit-reduction efforts.

Lembo says more than $220 million of the surplus is resurved for what’s known as the “rainy day fund” for future budget needs.

Lembo says state spending from the general fund grew at 1.3 percent last year —  compared to an average increase of 7.3 percent in each of the four previous year.

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