Kevin Lembo

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.

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.

Conn. considering insurance for family & medical leave

Sep 25, 2013
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.