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Comptroller Kevin Lembo

  • State Facing $273.3 Million Budget Surplus

    HARTFORD (AP)  —  Comptroller Kevin Lembo says the state of Connecticut is on track to end this fiscal year with a $273.3 million budget surplus.

    In a letter to Governor Dannel P. Malloy, released on Thursday, Mr Lembo said the largest portion of the excess revenue stems from the state’s recent tax amnesty program, which allowed people to pay off their back state taxes. However, Lembo said there are also positive trends developing in all overall state revenue.

    The current fiscal year ends on June 30.