Published 1 month ago

Lawmakers hope CT’s big reserves can solve budget dilemma

Summary by Ground News

Connecticut's rainy day fund has been one of the prime beneficiaries of the state's legal budgetary constraints. Majority Democrats are exploring shifting annual interest earned by the budget reserve outside of the spending cap. Gov. Ned Lamont is drawing a line in the sand, saying his fellow Democrats would be violating fiscal principles.

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The CT Mirror

Lawmakers hope CT’s big reserves can solve budget dilemma

The rainy day fund has been one of the prime beneficiaries of Connecticut’s legal budgetary constraints, at one point receiving nearly $3 billion over just three years. And now that the fiscal guardrails are putting the squeeze on core programs, top legislative leaders say it’s time for the rainy day fund to give something back. Majority Democrats are exploring shifting annual interest earned by the budget reserve outside of the spending cap, a …

1 month ago

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