Press Releases
04/29/2018
Gov. Malloy Statement on Consensus Revenue Estimates
(HARTFORD, CT) – Governor Dannel P. Malloy released the following statement regarding the consensus revenue estimates that were released earlier today by the Office of Policy and Management and the Office of Fiscal Analysis. The estimates show that revenues are up and could drive the Rainy Day Fund over $1.5 billion on June 30.
“Today’s consensus revenue report is unquestionably good news – it is a milestone we should all recognize and appreciate,” Governor Malloy said. “In January 2011, Connecticut faced a biennial deficit of more than $6 billion, a depleted Rainy Day Fund, and had taken on a $916 million deficit loan, which has since been fully repaid. In the intervening years, we’ve worked hard and made difficult decisions to set the state on more stable financial footing, including fully funding our pensions each and every year. Now, we must continue our progress. In the interests of all state residents, I urge the legislature to remain disciplined in order to give the next governor and the next legislature the best chances of success in the years ahead.”
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