State Surplus Increases
Connecticut’s budget surplus continues it’s modest yet steady growth.
Numbers out of the state comptroller’s office show the surplus figure at $398.79 million.
Final figures for 2013 will be transmitted December 31.
Of the surplus, $178 million of that is earmarked for the so-called “Rainy Day” fund, bringing that total to $271.5 million.
That’s still far below the $3 billion goal for the “rainy day” fund.
State Comptroller Keven Lembo says the growth was due in large part by strong stock market performance.
Some of the highlights include a general fund revenue increase of 4.5 percent and an increasein state income growth of 4.9 percent.