Connecticut Gov. Dannel Malloy, left, talks with Vermont Gov. Peter Shumlin during a break at the New England Governors and eastern Canadian Premiers 38th annual conference, Monday, July 14, 2014, in Bretton Woods, N.H.
Connecticut Democratic Governor Dannel Malloy announced on Tuesday that the state ended its fiscal year in June with a $121.3 million budget surplus. The surplus is now nearly four times what the Malloy administration had projected just a month ago.
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.
Its official, Connecticut ended the 2013 fiscal year in June with a higher surplus than had been projected. That's according to state Comptroller Kevin Lembo's letter to Gov. Dannel Malloy on Tuesday. The final audited statement for the fiscal year will be transmitted on December 31st.