State Comptroller Kevin Lembo says Connecticut ended its 2014 fiscal year on Monday with a $33.2 million dollar budget surplus. That’s $10 million dollars less than was projected just a month ago. The surplus is also less than had been projected earlier in the year.
U.S. Senator Richard Blumenthal of Connecticut says he's introducing a bill that would increase federal oversight of the U.S. rail system and require railroads to make safety improvements. It’s not yet clear how some of that would be funded.
Federal officials announced on Monday they're giving tens of million of dollars to two cities in Connecticut to make them more storm resilient. Bridgeport is receiving $10 million and Norwalk is getting $10 million of a $30 million commitment. Norwalk's funding will go toward the redevelopment of the oldest housing project in the state.
Stamford activist group Save Our Boatyard celebrated this past weekend Bridgewater Associates' decision to back out of a state economic development incentive package to relocate to a 14-acre waterfront parcel in the city's South End. That property, formerly known as Brewer's Yacht Haven had served as the city's boatyard for 100 years until its owner, developer Building and Land Technology, decided to tear down the boatyard in late 2011 and not renew the operator's lease. Maureen Boylan of the activist group says they're now focused on getting a boatyard rebuilt at the site.