The projections, much rosier than initially predicted, sparked renewed calls from lawmakers for more state spending to combat the pandemic.
Nonprofits have been pleading for a share of the state’s $100 million budget reserve. The governor’s answer hasn’t changed.
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.
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.
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.