New revenue estimates allow CT to spend about $200M more next year; this year's surplus tops $1.58B
The Democratic-controlled appropriations committee called for spending $50.96 billion over two years, compared to $50.54 billion by Lamont.
Stay updated with breaking news from Neil Ayers. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Democratic-controlled appropriations committee called for spending $50.96 billion over two years, compared to $50.54 billion by Lamont.
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.
Nearly a quarter of the Connecticut state Capitol employees are earning more than...