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Targeted News Service provides Washington Bureau coverage, federal contract and contracting information for awards and for subcontracting opportunities, a congressional vote chart, federal and congressional press releases.

Connecticut receives record $3 1 billion payment into budget reserve fund

Connecticut Governor Ned Lamont praised a historic $3.1 billion transfer of the state’s operating surplus into its budget reserve fund.

Governor Lamont Says Today s Historic $2 8 Billion Special Pension Payment Is One of the Strongest Fiscal Stability Moves Connecticut Has Made in a Generation

Governor Ned Lamont is applauding the announcement made today by State Comptroller Natalie Braswell that her office is transferring $3.1 billion of Connecticut’s operating surplus into the budget reserve fund (commonly known as the rainy day fund) in a move that triggers a statutory threshold requiring a one-time, special payment of $2.8 billion to be made toward the state’s unfunded pension liabilities.

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