Webstate’s rainy day fund from two-thirds to a 50 percent vote. Cap on the Size of the Fund Many states set upper limits on the size of their emergency funds, generally based on ... Connecticut 564 595 595 10,913 11,955 11,894 5.17% 4.98% 5.00% 14 Delaware 114 120 126 2,246 2,429 2,457 5.08% 4.94% 5.13% 13 WebOct 27, 2024 · Connecticut’s $3.1 billion rainy day fund — which would allow the state government to operate for nearly 70 days — has been amassed almost entirely over the past four years, due to an aggressive savings program and a surging stock market, as well as federal coronavirus relief.
One year’s CT budget surplus could top entire rainy day fund
Web17 hours ago · The Internal Revenue Service said today that taxpayers who filed their federal income taxes early in this year’s filing season and reported certain state 2024 tax refunds as taxable income should consider filing an amended return. On Feb. 10, 2024, the IRS provided details clarifying the federal tax status involving special payments made to taxpayers by 21 WebMar 22, 2024 · This year’s surplus could exceed entire rainy day fundThe numbers back Scanlon and Kelly up. Gov. Ned Lamont’s budget office boosted its surplus projection last Friday to $1.77 billion, driven largely by an extra $200 million in sales, corporation and real estate conveyance tax receipts. On top of that, the state expects to save another ... brick of wood
Issue Brief: Budget Reserve Fund - Connecticut General Assembly
WebMar 22, 2024 · And given that Connecticut still holds $3.1 billion in its rainy day fund, the problem is easily manageable. But Lamont says there’s a second problem. The U.S. Treasury says states... WebSep 20, 2024 · Connecticut has a record-setting $3.3 billion in its rainy day fund. The state also has roughly $200 million in federal COVID relief funds from the American Rescue Plan Act that it... WebJun 6, 2024 · States had a total of $114.6 billion in savings at the end of 2024, with enough in their rainy day funds to run government operations for about 34 days, according to … brickofyay soundcloud