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State Surplus Increases

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Kevin Lembo (Courtesy Office of the State Comptroller)

Kevin Lembo (Courtesy Office of the State Comptroller)

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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.

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