Connecticut’s projected budget surplus has dropped by 90 per cent since January. That’s based on numbers released by state officials on Wednesday. This is going to make negotiating a balanced budget a bit more difficult for Democratic Governor Dannel Malloy and state legislative leaders.
The Appropriations Committee of the Connecticut General Assembly approved a revised state budget on Thursday that spends $12 million more than was recommended by Governor Dannel Malloy. The plan was approved by a vote of 26 to 19.
Connecticut comptroller Kevin Lembo is projecting the state’s surplus has increased for the current fiscal year, and he’s calling on the legislature to make a change in state law to allow more of that money to be saved for harder times.