Malloy’s Proposed Use Of Surplus Includes Tax Refunds, Payment To Pension Fund, Enhancing Rainy Day Fund
Governor Dannel Malloy has announced his proposal for use of the state’s $505 million dollar surplus.
According to new numbers from the state comptroller, Connecticut’s surplus for the current fiscal year stands at almost $246-million.
State Comptroller Kevin Lembo announced Monday that the State of Connecticut will likely end the 2013 fiscal year with a surplus of approximately $164.8 million.
New figures show Connecticut might erase its deficits in the current budget year, potentially generating more than $100 million in surplus money thanks to new taxes.
The state’s financial picture has improved slightly in the last month, according to the latest figures from the state comptroller’s office. Comptroller Nancy Wyman says income and sales tax receipts were up over original protection […]
HARTFORD, Conn (AP) _ Connecticut comptroller Nancy Wyman says the state ended the last fiscal year with a budget surplus of almost $450 million.