Connecticut’s economy growing at faster pace
14 Nov 2018
Connecticut's financial picture appears to be brightening somewhat, Gov. Dannel P. Malloy's budget director told state lawmakers Tuesday.
The state's economy is "growing at a much faster pace than it has (over) the last eight years," Ben Barnes, Office of Policy and Management secretary, told the General Assembly's Appropriations Committee. The news comes as Malloy prepares to leave office in January.
A new consensus revenue report released Tuesday shows gradual, projected declines in some other state revenues, including payments from the tribal casinos and the cigarette tax. However, there's a gradual projected increase in revenue for the state's main transportation account over the next several fiscal years.