The projections, much rosier than initially predicted, sparked renewed calls from lawmakers for more state spending to combat the pandemic.
budget reserve
Posted inHealth
While nonprofits seek state aid, Lamont steers them to private donors
Nonprofits have been pleading for a share of the state’s $100 million budget reserve. The governor’s answer hasn’t changed.
Posted inMoney
Growing CT revenues: Too much of a good thing?
Burgeoning state revenues are making it harder for Gov. Ned Lamont to convince his fellow Democrats in the legislature to raise taxes, defer pension debt payments and adopt a lean budget.
Posted inMoney
S&P analysis: CT less prepared than most states for recession
Connecticut is “poorly poised” to handle a moderate recession when compared to other states, according to a new analysis by Standard and Poor’s Global Ratings Tuesday.
Posted inMoney, Politics
Lembo proposes overhaul of state government’s savings habits
Still struggling to pay its debt from the last recession, Connecticut might have avoided that emergency borrowing – and have double its current reserves – had it followed a new savings strategy unveiled Tuesday by Comptroller Kevin P. Lembo.