Kevin Lembo

Conn. Rainy Day Fund
7:43 pm
Thu January 15, 2015

Lembo: Conn. Should Change The Way It Saves For A Rainy Day

Conn. Comptroller Kevin Lembo.
Credit 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.

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'Slow and steady climb' continues
7:47 am
Fri January 3, 2014

Conn. Comptroller: State on track for $273.3 million surplus

Connecticut Comptroller Kevin Lembo (file photo)
Credit AP Photo/Bob Child

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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Paying the bills when taking time off
10:54 am
Wed September 25, 2013

Conn. considering insurance for family & medical leave

Connecticut Comptroller Kevin Lembo, at a press conference on Tuesday
Credit Craig LeMoult

A Connecticut task force is considering creating a plan for family medical leave insurance in the state. When workers take off time using the Family and Medical Leave Act, they aren't paid. An insurance plan would cover those times. The task force will file a report on the idea by October, 2014.

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