Kevin Lembo

Bob Child / AP

The Connecticut budget that was passed in October is headed for a $208 million dollar deficit by the end of the 2018 fiscal year. That’s according to a projection released on Friday by State Comptroller Kevin Lembo.

Bob Child / AP

Connecticut Comptroller Kevin Lembo has released a five point plan aimed at reducing the cost of prescription drugs. Lembo, who administers the state’s health plan that covers 200,000 people, says one of his proposals would allow patients to take advantage of negotiated drug rebates.

Courtesy of Connecticut State Medical Society

Dr. Henry Jacobs, president of the Connecticut State Medical Society, says soaring prescription drug costs have forced many people to make difficult decisions.

Conn. Comptroller's Office

Connecticut Comptroller Kevin Lembo wants the state to change the way it puts away money for a rainy day.

Much of Connecticut’s rainy day fund depends of a volatile source – the sometimes higher than expected revenues generated by corporations and the state’s wealthiest residents, who make money on Wall Street, and file quarterly returns, Lembo said.

"Historically, the way we make a deposit into the rainy day fund is we wait until the end of the year and we see what’s left and then, maybe, most, or all of it gets deposited into the rainy day fund,” said Lembo.

Bob Child / AP

Connecticut Comptroller Kevin Lembo says a projected $273.3 million surplus for the fiscal year ending in June is a $27 million increase from his prior estimate in December.

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