There’s still more to investigate — join CT Mirror as a member today

CT Mirror is raising $10,000 in 10 days to support investigative reporting.

  • EMAIL SIGN-UP
  • DONATE
  • Bridgeport Primary Election
  • ‘A Diaspora in Focus’ Series
  • CT Minimum Wage
  • 📩  Newsletters
    • CT Politics
    • On Balance
    • This Week in Data
    • Talking Transportation
    • All Newsletters
  • 🔔 Mobile App
    • iPhone/iPad
    • Android
  • ℹ️ En Español
  • 🎮 Games
    • 📝 Weekly News Quiz
    • 🧩 Daily News Word Puzzle
  • 🔗 More
    • 📝 CT Mirror Explains
    • 📈 CT Mirror Data
    • 📅  Events
    • 🎚️  Podcasts
      • Untold
      • Long Story Short
      • Steady Habits
    • 🧰 Toolbox
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube
  • TikTok

Trending

  • Bridgeport Primary Election
  • ‘A Diaspora in Focus’ Series
  • CT Minimum Wage

News

  • Politics
  • Investigations
  • State Budget / Money
  • Economic Development
  • Housing
  • Energy & Environment
  • Health
  • Education
  • Justice
  • Cities & Towns
  • Government
  • Transportation
  • Photos

Opinion

  • CT Viewpoints
  • Student Voice
  • Sightlines
  • Talking Transportation

Reporters

  • Dave Altimari
  • Jessica Bravo
  • Andrew Brown
  • Jenna Carlesso
  • Tom Condon
  • Jaden Edison
  • Katy Golvala
  • Lisa Hagen
  • Jessika Harkay
  • Yehyun Kim
  • José Luis Martínez
  • Ginny Monk
  • Mark Pazniokas
  • Keith Phaneuf
  • Erica E. Phillips
  • Jan Ellen Spiegel

Trending

  • Bridgeport Primary Election
  • ‘A Diaspora in Focus’ Series
  • CT Minimum Wage

News

  • Politics
  • Investigations
  • State Budget / Money
  • Economic Development
  • Housing
  • Energy & Environment
  • Health
  • Education
  • Justice
  • Cities & Towns
  • Government
  • Transportation
  • Photos

Opinion

  • CT Viewpoints
  • Student Voice
  • Sightlines
  • Talking Transportation

Reporters

  • Dave Altimari
  • Jessica Bravo
  • Andrew Brown
  • Jenna Carlesso
  • Tom Condon
  • Jaden Edison
  • Katy Golvala
  • Lisa Hagen
  • Jessika Harkay
  • Yehyun Kim
  • José Luis Martínez
  • Ginny Monk
  • Mark Pazniokas
  • Keith Phaneuf
  • Erica E. Phillips
  • Jan Ellen Spiegel
Skip to content
  • 📩  Newsletters
    • CT Politics
    • On Balance
    • This Week in Data
    • Talking Transportation
    • All Newsletters
  • 🔔 Mobile App
    • iPhone/iPad
    • Android
  • ℹ️ En Español
  • 🎮 Games
    • 📝 Weekly News Quiz
    • 🧩 Daily News Word Puzzle
  • 🔗 More
    • 📝 CT Mirror Explains
    • 📈 CT Mirror Data
    • 📅  Events
    • 🎚️  Podcasts
      • Untold
      • Long Story Short
      • Steady Habits
    • 🧰 Toolbox
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube
  • TikTok
CT Mirror

CT Mirror

Connecticut's Nonprofit Journalism.

  • EMAIL SIGN-UP
  • DONATE
Donate
  • Bridgeport Primary Election
  • ‘A Diaspora in Focus’ Series
  • CT Minimum Wage

Rainy Day Fund

Posted inMoney

Lamont: Pouring budget surpluses into pensions means big savings next year

Avatar photo by Keith M. Phaneuf July 7, 2022 @ 3:57 pmJuly 12, 2022 @ 6:00 pm

CT used billions of budget surplus dollars to pay down pension debt, freeing up $440 million annually to use for other programs.

Posted inMoney

CT poised to pay down $3.6 billion in pension debt

Avatar photo by Keith M. Phaneuf May 20, 2022 @ 6:12 pmMay 20, 2022 @ 7:11 pm

Regular and supplemental payments into the state’s cash-starved pensions will approach $6.5 billion this year.

Posted inMoney

Public sector pensions are prime beneficiary of federal COVID relief grants

Avatar photo by Keith M. Phaneuf July 7, 2021 @ 2:00 pmAugust 1, 2022 @ 4:04 pm

More than six out of every 10 federal relief dollars built into the new state budget is earmarked for pensions.

Posted inMoney

CT revenues shoot upward once again

Avatar photo by Keith M. Phaneuf March 25, 2021 @ 6:55 pmMarch 5, 2022 @ 12:54 am

As tax revenues continue to grow, Connecticut is on pace to close the fiscal year with $800 million to spare.

Posted inMoney

Big variables cloud upcoming CT budget debate

Avatar photo by Keith M. Phaneuf February 9, 2021 @ 5:00 amAugust 1, 2022 @ 4:11 pm

Another potential wave of federal stimulus, a complex spending cap and other variables cloud the next Connecticut budget debate.

Posted inMoney

Spiking tax revenue will wipe out state budget deficit, analysts say

Avatar photo by Keith M. Phaneuf January 15, 2021 @ 5:20 pmMarch 5, 2022 @ 12:47 am

Projected state revenues skyrocketed by $1.7 billion Friday, positioning officials to balance the next state budget without tax hikes.

Posted inMoney

Analysts: Lamont, lawmakers face $4.3 billion gap in next two-year state budget

Avatar photo by Keith M. Phaneuf November 20, 2020 @ 2:25 pmMarch 5, 2022 @ 12:45 am

The shortfalls are due largely to the coronavirus-induced recession.

Posted inMoney

Surging tax receipts take a huge chunk out of state’s projected budget deficit

Avatar photo by Keith M. Phaneuf October 20, 2020 @ 6:38 pmMarch 5, 2022 @ 12:38 am

The improved fiscal picture increases the likelihood Gov. Ned Lamont can avert major tax hikes next spring.

Posted inMoney

Lamont’s plan to close $2B deficit could be to tap CT’s $3B rainy day fund

Avatar photo by Keith M. Phaneuf October 1, 2020 @ 5:00 amMarch 5, 2022 @ 12:38 am

Don’t expect to see Gov. Ned Lamont propose big tax hikes or huge spending cuts to close a $2B deficit.

Posted inMoney

New CT budget is $2.1 B in the red, but all may not be gloom and doom

Avatar photo by Keith M. Phaneuf September 1, 2020 @ 5:38 pmJuly 11, 2022 @ 12:46 pm

Gov. Ned Lamont projects a $2.1 billion deficit, based partly on pessimistic stock market projections that haven’t come to pass.

Posted inMoney

CT maxes out budget reserve as coffers approach $3.1 billion

Avatar photo by Keith M. Phaneuf August 28, 2020 @ 5:00 amMarch 5, 2022 @ 12:36 am

The projections, much rosier than initially predicted, sparked renewed calls from lawmakers for more state spending to combat the pandemic.

Posted inMoney

CT’s tax receipts continue to rise despite pandemic

Avatar photo by Keith M. Phaneuf August 4, 2020 @ 5:37 pmMarch 5, 2022 @ 12:35 am

State income tax receipts collected since the July 15 filing deadline continue to rise, bolstering Connecticut’s rainy day fund.

Posted inMoney

Lembo: CT’s economic gains could slip away soon without more federal aid

Avatar photo by Keith M. Phaneuf August 3, 2020 @ 3:58 pmJuly 11, 2022 @ 12:47 pm

Connecticut’s recent economic gains could soon slip away without more federal aid, Comptroller Kevin P. Lembo says.

Posted inMoney

Connecticut’s record-setting rainy day fund is running on borrowed time

Avatar photo by Keith M. Phaneuf April 30, 2020 @ 5:00 amMarch 5, 2022 @ 12:28 am

While state analysts struggle with economic uncertainty, they concede Connecticut’s vaunted budget reserve could be gone a year from now.

Posted inMoney

Coronavirus begins to widen hole in state finances

Avatar photo by Keith M. Phaneuf March 25, 2020 @ 5:42 pmMarch 5, 2022 @ 12:28 am

The first sign that the coronavirus has infected Connecticut’s budget presented itself Wednesday.

Posts navigation

1 2 3 Older posts

Start

  • News
  • Viewpoints
  • Events
  • Podcasts
  • Announcements
  • In-Depth Series
  • Investigations
  • CT Mirror Explains
  • CT Mirror Data
  • En Español
  • Economic Indicator Dashboard
  • Legal Notices
  • Toolbox

Engage

  • Sign Up for Newsletters
  • Donate
  • Games: Weekly Quiz / News Word
  • Submit to CT Viewpoints
  • Manage Your CT Mirror Membership
  • Advertise With Us
  • Publish Branded Storytelling
  • Free Nonprofit Advertising
  • Request a Speaking Engagement
  • Use CT Mirror Photography

Learn

  • About Us
  • History
  • Impact
  • Awards
  • Financial
  • Strategic Plan
  • Policies
  • FAQ

Connect

  • Board of Directors
  • Staff
  • Community Editorial Board
  • Sponsors and Funders
  • Donors
  • Friends of The Connecticut Mirror
  • Work for Us
  • Intern with Us
  • Contact Us
© 2023 The Conneticut News Project. All Rights Reserved. Proudly powered by Newspack by Automattic
  • Facebook
  • Twitter
  • Instagram
  • LinkedIn
  • YouTube
  • TikTok