Lamont Administration Touts Latest Budget Update Showing Increased Revenue For FY2025 and Beyond
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The primary driver in the increased revenue is growth in investment income, which is more than $300 million in FY 2025.
By Jamil Ragland, CTNewsJunkie.com
The state offices of Policy and Management and Fiscal Analysis issued their corrected consensus revenue estimates earlier this week, showing a small increase in projected revenue for the upcoming four years.
The data also revealed $340 million in “found” interest earnings from COVID-19 grants that had been excluded from the state budget since 2021, triggering calls for transparency from Republican leaders in the General Assembly.
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