Connecticut will end the fiscal year with a record surplus, according to a new report, which is fueling calls by progressive Democrats to roll back the state’s spending controls.
The consensus revenue forecast, released by the Office of Policy and Management and Office of Fiscal Analysis on Monday, shows the state is likely to close out the fiscal year more than $645 million above initial budget projections. That’s a roughly $1 billion surplus through 2026, according to the report.
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