AP Photo/Jim Cole

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.

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.

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.