Connecticut fiscal report shows billions saved in state employee liabilities
Connecticut officials are projecting that the state will continue to have a significant budget surplus for the next four years.
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Connecticut officials are projecting that the state will continue to have a significant budget surplus for the next four years.
Connecticut is on track to gain tax receipts faster than its debt grows in 2023-24 — meaning money for other priorities may become available.
Connecticut is projected to gain tax receipts faster than its debt grows over the next budget cycle — and the trend may last longer than that.
“If you sat through this report in previous years, you would see a lot of red numbers here,” Neil Ayers, who heads the legislature’s nonpartisan Office of Fiscal Analysis, told the Appropriations and Finance committees in a joint hearing.
Connecticut’s Office of Policy and Management (OPM) and its Office of Fiscal Analysis (OFA) both released fiscal accountability reports on Nov. 18 forecasting annual fiscal surpluses through fiscal ye...