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COMPTROLLER LEMBO ANNOUNCES $1.14 BILLION IN VOLATILE REVENUE TO ADDRESS PENSION DEBT Budget— September 9, 2021 Comptroller Kevin Lembo on Thursday certified that the capture of volatile revenue exceeding the cap of the Budget Reserve Fund will result in $1.142 billion to pay down pension debt. -- read more  COMPTROLLER LEMBO, IN INITIAL FY 22 REPORT, PROJECTS GENERAL FUND SURPLUS OF $265.3 MILLION, NOTES ECONOMIC EFFECTS OF DELTA VARIANT Budget— September 1, 2021 Comptroller Kevin Lembo today, in his monthly financial and economic update, projected a General Fund surplus of $265.3 million for Fiscal Year 2022, the first projection for the current fiscal year. Lembo cited lingering uncertainty as the COVID-19 Delta variant impacts the economy, jeopardizing the progress made over the last few months. -- read more COMPTROLLER LEMBO ISSUES OFFICIAL COMMENTS OPPOSING PROPOSED INSURANCE CARRIER RATE INCREASES Health Care— August 25, 2021 Comptroller Lembo on Wednesday filed an official comment with the Connecticut Department of Insurance opposing requested health insurance rate increases in the individual and small group markets. -- read more COMPTROLLER LEMBO PROJECTS $306.9 MILLION SURPLUS, DRAWS ATTENTION TO ISSUES FACING RENTERS AND FIRST-TIME HOMEBUYERS Budget— August 2, 2021 Comptroller Kevin Lembo today, in his monthly financial and economic update, projected a General Fund surplus of $306.9 million for Fiscal Year 2021 as job gains and a strong housing market continue to drive Connecticut’s recovery. -- read more COMPTROLLER LEMBO ANNOUNCES RELEASE OF COVID-19 CONTRACTS, COMPLETION OF ROLE IN TESTING COVID-19— August 2, 2021 Comptroller Kevin Lembo on Monday released the complete, unredacted contracts between the Office of the State Comptroller and 10 medical and laboratory vendors that helped dramatically expand testing capacity for COVID-19 in Connecticut. -- read more COMPTROLLER LEMBO ANNOUNCES NEW MUNICIPALITIES JOINING CONNECTICUT PARTNERSHIP PLAN Health Care— July 7, 2021 State Comptroller Kevin Lembo announced on Wednesday that nine new groups have joined the Connecticut Partnership Plan, expanding the plan’s membership to 150 groups covering more than 63,000 municipal workers and their families. -- read more COMPTROLLER LEMBO PROJECTS $157.0 MILLION SURPLUS, FORECASTS LONG-TERM IMPACT OF GROWING RESERVES Budget— July 1, 2021 Comptroller Kevin Lembo today, in his monthly financial and economic update, projected a General Fund surplus of $157 million while celebrating the success of revenue volatility reforms and the growth of the state’s Budget Reserve Fund. -- read more COMPTROLLER LEMBO, OHS DIRECTOR VELTRI ANNOUNCE CONNECTICUT HEALTHCARE AFFORDABILITY INDEX Health Care— June 23, 2021 A new report issued Wednesday shows approximately 18% of Connecticut households with adults under the age of 65 face unaffordable health care costs. -- read more COMPTROLLER LEMBO PROJECTS $470.5 MILLION SURPLUS, CITES STRONG YEAR-END TAX FILINGS Budget— June 1, 2021 Comptroller Kevin Lembo today, in his monthly financial and economic update, projected a General Fund surplus of $470.5 million, citing strong revenue collections, particularly in estimated and final income tax payments. -- read more COMPTROLLER LEMBO ANNOUNCES HEALTH CARE SAVINGS OF OVER $350 MILLION Health Care— May 6, 2021 Comptroller Kevin Lembo announced on Wednesday that projected costs for the state health plan decreased by $100 million this week and are now $350 million below initial budgetary estimates in October. -- read more COMPTROLLER LEMBO PROJECTS $249.8 MILLION SURPLUS, NOTES POSITIVE ECONOMIC TRENDS Budget— May 3, 2021 Comptroller Kevin Lembo today, in his monthly financial and economic update, projected a General Fund surplus of $249.8 million, noting gradual economic growth aided by the most recent federal stimulus package. -- read more COMPTROLLER LEMBO, CVS CAREMARK LAUNCH PROGRAM TO LOWER INSULIN COSTS Health Care— April 7, 2021 Comptroller Kevin Lembo, in partnership with CVS Caremark, announced today a new State of Connecticut Drug Discount Program designed to improve insulin access to anyone living with diabetes in Connecticut – regardless of their insurance status or health care provider. -- read more COMPTROLLER LEMBO PROJECTS $180.6 MILLION SURPLUS, CITES ECONOMIC BENEFITS OF FEDERAL RELIEF Budget— April 1, 2021 SComptroller Kevin Lembo today, in his monthly financial and economic update, projected a General Fund surplus of $180.6 million for FY 2021, citing recent economic improvements owed to federal reliefs efforts and continued mass vaccinations. -- read more COMPTROLLER LEMBO RELEASES REPORT ON CONNECTICUT PARTNERSHIP PLAN FINANCIAL STATUS Health Care— March 10, 2021 State Comptroller Kevin Lembo on Wednesday issued a report on the status of the Connecticut Partnership Plan, providing updates on enrollment, oversight and the plan’s financial stability. -- read more COMPTROLLER LEMBO PROJECTS $131.4 MILLION SURPLUS, CONTINUES CALL FOR FEDERAL ASSISTANCE Budget— March 1, 2021 Comptroller Kevin Lembo today, in his monthly financial and economic update, projected a General Fund surplus of $131.4 million for FY 2021, noting the continuation of an uneven recovery and urging more federal aid to help those struggling the most. -- read more COMPTROLLER LEMBO PROJECTS $127.6 MILLION SURPLUS, CITES LONG-TERM CHALLENGES AMIDST MODEST RECOVERY Budget— February 1, 2021 Comptroller Kevin Lembo today, in his monthly financial and economic update, projected a General Fund surplus of $127.6 million, noting persistent challenges for many working families as an uneven recovery continues. -- read more COMPTROLLER LEMBO PROJECTS $615.2 MILLION DEFICIT, CITING ECONOMIC IMPROVEMENTS Budget— January 4, 2021 Comptroller Kevin Lembo today, in his monthly financial and economic update, projected the General Fund will end Fiscal Year 2021 with a deficit of $615.2 million, an improvement from last month’s estimate as modest signs of economic recovery continue. -- read more COMPTROLLER LEMBO PROJECTS $879.4 MILLION DEFICIT, RENEWS CALL FOR FEDERAL ASSISTANCE Budget— December 1, 2020 Comptroller Kevin Lembo today, in his monthly financial and economic update, projected a deficit of $879.4 million for Fiscal Year 2021, and urged Congress to immediately provide financial assistance to stabilize the state and national economies. -- read more COMPTROLLER LEMBO LAUNCHES “NETWORK OF DISTINCTION” TO DELIVER HIGHEST QUALITY CARE AND SAVE ON COSTS Health Care— November 24, 2020 The Office of the State Comptroller is partnering with Signify Health to improve health outcomes for certain common procedures and save on costs through a new “Network of Distinction” program. The doctors, hospitals and provider groups in the network will provide improved patient outcomes at a competitive fixed price for care from evaluation to recovery. -- read more BROAD STATEWIDE COALITION ANNOUNCES URGENT HEALTH CARE REFORM EFFORTS Budget— November 12, 2020 A statewide coalition of residents, lawmakers, activists and experts on Thursday announced new efforts to make health care in Connecticut universally affordable, accessible and equitable. -- read more COMPTROLLER LEMBO PROJECTS $1.26 BILLION DEFICIT, WARNS OF 'K-SHAPED RECOVERY' Budget— November 2, 2020 Comptroller Kevin Lembo today, in his monthly financial and economic update, projected a deficit of $1.26 billion for Fiscal Year 2021, while noting economic improvement for some and a darkening reality for others. -- read more COMPTROLLER LEMBO PROJECTS $1.87 BILLION DEFICIT AS ECONOMIC DISPARITIES PERSIST Budget— October 1, 2020 Comptroller Kevin Lembo today, in his monthly financial and economic update, projected a deficit of $1.87 billion for Fiscal Year 2021, noting disparities in the effects of the ongoing pandemic. -- read more COMPTROLLER LEMBO PROJECTS $2.1 BILLION DEFICIT IN FIRST FY21 FORECAST AS “RAINY DAY FUND” REACHES HISTORIC MILESTONE Budget— September 1, 2020 Comptroller Kevin Lembo today, in his first monthly financial and economic update detailing Fiscal Year 2021, projected a deficit of $2.1 billion and announced the state’s reserves have reached an important milestone. -- read more COMPTROLLER LEMBO PROJECTS $128.1 MILLION DEFICIT, CALLS FOR EXPANDING FEDERAL ASSISTANCE Budget— August 3, 2020 “It’s decision time,” said Comptroller Lembo. “Our state economy is showing signs of recovery from the devastating effects of the COVID-19 pandemic, but without a significant investment from the federal government, those gains may slip away, and Connecticut families and businesses will suffer.” -- read more COMPTROLLER LEMBO PROJECTS $444.7 MILLION DEFICIT, CITES CAUSES FOR CONCERN & OPTIMISM Budget— July 1, 2020 Comptroller Kevin Lembo, today, in his monthly financial and economic update, projected a Fiscal Year 2020 deficit of $444.7 million, citing reasons for caution and optimism in Connecticut’s economy. -- read more COMPTROLLER LEMBO ANNOUNCES NEW TRANSPARENCY TOOL FOCUSED ON QUASI-PUBLIC AGENCIES Transparency— June 11, 2020 Comptroller Kevin Lembo, in partnership with the CT Data Collaborative (CTData), announced today the launch of “OpenQuasi,” a transparency tool that allows users to explore checkbook and payroll information for Connecticut’s quasi-public agencies. -- read more COMPTROLLER LEMBO PROJECTS $619.9 MILLION DEFICIT AMID UNPRECEDENTED JOB LOSSES Budget— June 1, 2020 Comptroller Kevin Lembo today, in his monthly financial and economic update, projected a Fiscal Year 2020 deficit of $619.9 million, while noting that extensive job losses and economic damage from the ongoing COVID-19 pandemic have made forecasting more volatile. -- read more COMPTROLLER LEMBO ANNOUNCES DIABETES MANAGEMENT PROGRAM TO PROVIDE WIN-WIN ON HEALTH OUTCOMES AND SAVINGS Health Care— May 7, 2020 Comptroller Kevin Lembo today announced the launch of a diabetes management program through the state health plan aimed at reducing acute emergencies and long-term complications related to chronic conditions while delivering an estimated annual savings to the state of approximately $3 million. -- read more COMPTROLLER LEMBO PROJECTS $934 MILLION DEFICIT AMID COVID-19 CRISIS Budget— May 1, 2020 Comptroller Kevin Lembo today, in his monthly financial and economic update, projected a Fiscal Year 2020 deficit of $934 million, while noting that the speed and breadth of the ongoing COVID-19 pandemic has wounded the state's economy and made budgetary projections more volatile. -- read more COMPTROLLER LEMBO ANNOUNCES SUMDAY SELECTED TO ADMINISTER RETIREMENT SECURITY PROGRAM Benefits— April 20, 2020 Comptroller Kevin Lembo announced on Monday that the Connecticut Retirement Security Authority has selected Sumday, a subsidiary of BNY Mellon, to act as the program’s administrator following a competitive bidding process. -- read more COMPTROLLER LEMBO PROJECTS FISCAL YEAR 2020 DEFICIT OF $170 MILLION; DETAILS LATEST BUDGET AND ECONOMIC IMPACT OF COVID-19 CRISIS Budget— April 1, 2020 Comptroller Kevin Lembo today, in his first monthly budget and economic outlook report since the COVID-19 pandemic first emerged in Connecticut, said the state is currently on track to end Fiscal Year 2020 with a General Fund deficit of $170 million – although the ongoing and rapidly changing conditions will demand close monitoring and scrutiny in the coming weeks and months. -- read more COMPTROLLER LEMBO PROJECTS $63.3-MILLION DEFICIT FOR FISCAL YEAR 2020; SAYS BUDGET RESERVE DISCIPLINE NECESSARY AS EVER Budget— March 2, 2020 Comptroller Kevin Lembo today, in his monthly updated financial and economic outlook,
projected that the state is currently on track to end Fiscal Year 2020 with a $63.3-million budget deficit and urged
continued adherence to the state's commitment to establish an adequate and fiscally responsible budget reserve fund.
COMPTROLLER LEMBO PROJECTS $58.8-MILLION DEFICIT FOR FISCAL YEAR 2020 Budget— February 3, 2020 Comptroller Kevin Lembo today, in his monthly updated financial and economic outlook, projected that the state is currently on track to end Fiscal Year 2020 with a $58.8-million budget deficit.
COMPTROLLER LEMBO’S STATEMENT ON U.S. PIRG REPORT THAT RANKS CT AMONG NATIONAL LEADERS IN TRANSPARENCY Transparency— January 9, 2020 State Comptroller Kevin Lembo issued a statement today on a report released by the U.S. PIRG that ranks Connecticut among the top states in the nation for online economic development subsidy transparency.
COMPTROLLER LEMBO ANNOUNCES NEW CONTRACT WITH ANTHEM THAT REDEFINES STATE HEALTH CARE DYNAMIC Health Care— January 7, 2020 Comptroller Kevin Lembo today announced that, after a highly competitive selection process, the state has selected Anthem Blue Cross and Blue Shield (Anthem) to administer the state health plan under terms that will alter the way state health care is administered to realign costs directly with quality patient care. -- read more COMPTROLLER LEMBO PROJECTS $28-MILLION DEFICIT FOR FISCAL YEAR 2020 Budget— January 2, 2020 Comptroller Kevin Lembo today, in his monthly updated financial and economic outlook, projected that the state is currently on track to end Fiscal Year 2020 with a budget deficit of $28 million. -- read more COMPTROLLER LEMBO’S FIRST ANNUAL SEBAC SAVINGS ANALYSIS REVEALS NET SAVINGS OF $1.7 BILLION FOR FISCAL YEARS 18 AND 19 State Finances— December 10, 2019 Comptroller Kevin Lembo today issued the state’s first annual SEBAC Savings Analysis Report, detailing how the state has achieved a net savings of $1.7 billion as a result of programs collaboratively established through the 2017 State Employees Bargaining Agent Coalition (SEBAC) agreement. -- read more  COMPTROLLER LEMBO PROJECTS $31.6-MILLION DEFICIT FOR FISCAL YEAR 2020 FOLLOWING CONSENSUS REVENUE UPDATE Budget— December 2, 2019 Comptroller Kevin Lembo today, again noting that it remains very early in the fiscal year and that significant updates will be made in the coming months, reported that the state is on track to end Fiscal Year 2020 with a surplus of $79.1 million. -- read more COMPTROLLER LEMBO PROJECTS $79.1-MILLION SURPLUS FOR FISCAL YEAR 2020 Budget— November 1, 2019 Comptroller Kevin Lembo today, again noting that it remains very early in the fiscal year and that significant updates will be made in the coming months, reported that the state is on track to end Fiscal Year 2020 with a surplus of $79.1 million. -- read more COMPTROLLER LEMBO PROJECTS $84.3-MILLION SURPLUS FOR FISCAL YEAR 2020 Budget— October 1, 2019 Comptroller Kevin Lembo today, again noting that it remains very early in the fiscal year and that significant updates will be made in the coming months, reported that the state is on track to end Fiscal Year 2020 with a surplus of $84.3 million. -- read more LEMBO PUTS HEALTH INSURANCE MARKET ON NOTICE WITH NEW MEDICAL RFP THAT REDEFINES HEALTH CARE DYNAMIC Health Care— September 26, 2019 State Comptroller Kevin Lembo announced today that his office has issued a highly competitive request for proposals (RFP) that will redefine the relationship between the state and insurance corporations hired to administer state health benefits, and potentially alter the dynamic of the entire health care market in the region. -- read more LEMBO, FOLLOWING COMPETITIVE SEARCH, PREPARES FOR CT'S FIRST HEALTH CARE "CENTERS OF EXCELLENCE" PROGRAM Health Care— September 24, 2019 State Comptroller Kevin Lembo announced today that, following an intensive competitive search, his office is working with health care providers and corporations across Connecticut to establish the state’s first-ever network of “Centers of Excellence” – a system of hospitals and other providers that verifiably provide the best possible health care outcomes for patients. -- read more COMPTROLLER LEMBO, IN EARLY REPORT ON FISCAL YEAR 2020 BUDGET, PROJECTS $126.1-MILLION SURPLUS Budget— September 3, 2019 Comptroller Kevin Lembo today, while cautioning that it is premature in the fiscal year, issued his first monthly projection of the year on Fiscal Year 2020, reporting that the state is on track for a $126.1-million surplus. -- read more COMPTROLLER LEMBO PROJECTS $195.9-MILLION SURPLUS FOLLOWING NEWLY ENACTED BUDGET LEGISLATION Budget— August 1, 2019 Comptroller Kevin Lembo today announced that the state is on track to close Fiscal Year 2019 with a surplus of $195.9 million, a decrease of $505 million from last month’s estimate due to newly enacted budget legislation. -- read more LT. GOV. BYSIEWICZ AND COMPTROLLER LEMBO RELEASE STATE WORKFORCE ANALYSIS ON REPRESENTATION AND COMPENSATION EQUITY ACROSS GENDER AND RACE/ETHNICITY Policy— July 24, 2019 Lt. Governor Susan Bysiewicz and State Comptroller Kevin Lembo issued a report today, conducted on behalf of the Governor's Council on Women and Girls, which provides an analysis on representation and compensation equity across gender and race/ethnicity for the state's executive branch. -- read more LEMBO ANNOUNCES INITIATIVE TO ESTABLISH HEALTH CARE "CENTERS OF EXCELLENCE" IN CT Health Care— July 17, 2019 State Comptroller Kevin Lembo announced today that, through the negotiating power and leverage of his office, he is working with health care providers across Connecticut to establish a network of “Centers of Excellence” – a system of hospitals and other providers that verifiably provide the best possible health care outcomes at the most fair price. -- read more LEMBO SAYS NEW LAW ASSURES THAT OPEN GOVERNMENT REQUIREMENTS EXTEND TO QUASI-PUBLIC AGENCIES Policy— July 10, 2019 State Comptroller Kevin Lembo announced today that his office will immediately begin working with the state’s quasi-public agencies to implement a new law that expands and codifies open government and transparency requirements to these entities. -- read more COMPTROLLER LEMBO PROJECTS $700.9-MILLION SURPLUS FOLLOWING REVENUE IMPROVEMENTS Budget — July 1, 2019 Comptroller Kevin Lembo today announced that the state is on track to end the 2019 fiscal year with a $700.9-million surplus, though he noted that amount will be reduced by $540.9 million pursuant to Public Act 19-117 for appropriations to cover funding for a new special capital reserve fund for the Teachers’ Retirement System and a settlement with hospitals. -- read more LEMBO ANNOUNCES FIRST-OF-ITS-KIND PHARMACY CONTRACT THAT ESTABLISHES NEW ERA OF DRUG PRICING AND TRANSPARENCY Health Benefits — June 19, 2019 State Comptroller Kevin Lembo today announced that his office has reached a contract agreement with CVS Caremark, the state's pharmacy benefit manager (PBM), that changes the paradigm of how pharmacy benefits are managed and establishes one of the most innovative and transparent pharmacy benefits contracts in the nation. -- read more COMPTROLLER LEMBO PROJECTS $571.8-MILLION SURPLUS; URGES CONTINUED DISCIPLINE AND WARNS ABOUT PERSISTENT DISPARITIES DESPITE ECONOMIC GROWTH Budget — June 3, 2019 Comptroller Kevin Lembo today announced that the state is on track to end the 2019 fiscal year with a $571.8-million surplus, though he warned that economic uncertainties demand that Connecticut maintain its commitment to fiscal discipline. -- read more COMPTROLLER LEMBO PROJECTS $580.9-MILLION SURPLUS; URGES CONTINUED FISCAL DISCIPLINE TO PROTECT CT AGAINST FUTURE ECONOMIC UNCERTAINTY Budget — May 1, 2019 Comptroller Kevin Lembo today issued his latest financial and economic outlook, projecting the state is on track to end the 2019 fiscal year with a $580.9-million surplus, though he warned that Connecticut must adhere to its commitment to fiscal discipline so that the state’s reserves will be adequately prepared to protect against future economic uncertainty. -- read more COMPTROLLER LEMBO UPDATES FISCAL YEAR 2019 SURPLUS PROJECTION: $485.5 MILLION Budget — April 1, 2019 Comptroller Kevin Lembo today, in his updated monthly projection, said the state is on track to end Fiscal Year 2019 with a surplus of $485.5 million, pending greater clarity in the coming final weeks of an uncertain tax cycle. -- read more COMPTROLLER LEMBO TESTIFIES IN SUPPORT OF PUBLIC HEALTH CARE OPTION Health Care — MARCH 7, 2019 Comptroller Kevin Lembo testified in favor of proposed legislation that would create a public health care option in Connecticut. Lembo cited lowering costs for small businesses, expanding economic opportunities and providing stability for workers as reasons to support the effort. -- read more COMPTROLLER LEMBO PROJECTS GROWING FISCAL-YEAR 2019 SURPLUS WITH A CAUTIOUS EYE ON APRIL AND WARNINGS ABOUT RECORD HOUSEHOLD DEBT RATES Budget — MARCH 1, 2019 Comptroller Kevin Lembo said that his projected surplus for Fiscal Year 2019 has grown to $506.8 million, another improvement over the prior month, though he warned about the potential consequences of record-high household debt that deserves monitoring, and the implications of a volatile stock market on April’s tax season. -- read more COMPTROLLER LEMBO TESTIFIES IN FAVOR OF PUBLIC OPTION DESIGN TO EXPAND AFFORDABLE QUALITY HEALTH CARE AND STIMULATE ECONOMIC GROWTH Health Care — February 13, 2019 Comptroller Kevin Lembo testified before the state legislature’s Insurance and Human Services Committees today in support of a public option concept that would expand affordable and quality health care to private-sector workers, particularly those working at small businesses. -- read more COMPTROLLER LEMBO PROJECTS $452.6-MILLION SURPLUS FOR FISCAL YEAR 2019 Budget February 1, 2019 Comptroller Kevin Lembo said the latest projection is an increase over last month’s outlook, largely due to an improved revenue forecast across several categories, including the withholding portion of the income tax, sales and use tax and gaming revenue. -- read more COMPTROLLER LEMBO'S STATEMENT ON LEGISLATION TO ESTABLISH A PUBLIC HEALTH CARE OPTION THROUGH THE STATE HEALTH PLAN Healthcare January 24, 2019 Comptroller Kevin Lembo announced his support today for legislation to enable private-sector employees to enroll in the state employee health insurance plan, providing financial relief to Connecticut businesses and high-quality affordable health care to working families. -- read more COMPTROLLER LEMBO PROJECTS $242.4-MILLION SURPLUS; SAYS MARKET VOLATILITY AND FEDERAL UNCERTAINTY DEMAND CONTINUED BUDGET RESERVE DISCIPLINE Budget January 2, 2019 Comptroller Kevin Lembo, while reporting a projected $242.4-million surplus for Fiscal Year 2019, urged sustained financial discipline in building the state’s Budget Reserve Fund to account for the possibility of slowing economic growth, uncertainty at the federal level and volatility in the financial markets. -- read more COMPTROLLER LEMBO LAUNCHES "OpenPension" WITH REAL-TIME ACCESS TO STATE PENSION DATA Pension December 12, 2018 Comptroller Kevin Lembo today announced the launch of “OpenPension” – the latest expansion to the OpenConnecticut online portal that provides the public with real-time access to state financial information. -- read more LEMBO ANNOUNCES PHARMACY RFP, PLAN TO ESTABLISH NEW ERA OF DRUG PRICING AND TRANSPARENCY Pharmacy December 6, 2018 State Comptroller Kevin Lembo today announced a request for proposals for a new state pharmacy benefits agreement that seeks to change the paradigm of how pharmacy benefits are managed and to establish the most innovative and transparent pharmacy benefits contract in the nation. -- read more COMPTROLLER LEMBO PROJECTS $245.7 MILLION SURPLUS FOR FISCAL YEAR 2019 Budget December 3, 2018 Comptroller Kevin Lembo announced today that, following an increased consensus revenue forecast, he is projecting a larger surplus for Fiscal Year 2019 of approximately $245.7 million. -- read more COMPTROLLER LEMBO PROJECTS MORE MODEST SURPLUS FOR FISCAL YEAR 2019 Budget November 1, 2018 Comptroller Kevin Lembo, after reviewing the latest revenue and spending trends, issued his monthly updated projection today for Fiscal Year 2019, saying the state is on track to end with a smaller surplus of $157.8 million. -- read more COMPTROLLER LEMBO to Governor Malloy: Urge Quasi-Public Agencies to Open their Books Budget October 15, 2018 I am writing to urge your support in my ongoing effort to incorporate the last few non-participating quasi-public agencies into OpenConnecticut, my office’s open government initiative. -- read more COMPTROLLER LEMBO REPORTS EARLY INDICATIONS THAT STATE COULD END FISCAL YEAR 2019 IN SURPLUS Budget October 1, 2018 Comptroller Kevin Lembo today said that there are reasons for cautious optimism that the state could end Fiscal Year 2019 with a modest surplus of approximately $164.2 million if some early positive indicators continue throughout the year. -- read more STATE SUES FLORIDA-BASED COMPOUND PHARMACY, FORMER AND CURRENT STATE EMPLOYEES, ALLEGING ILLEGAL KICKBACK SCHEME Prescription Drugs September 11, 2018 The state has initiated a lawsuit alleging violations of the Connecticut False Claims Act orchestrated through a kickback pyramid scheme involving a Florida-based compounding pharmacy and several individuals, including former and current Connecticut state employees, whose prescription drug costs are covered by the taxpayer-funded Connecticut Pharmacy Benefit Plan, Attorney General George Jepsen said today. -- read more COMPTROLLER LEMBO, IN EARLY LOOK AT FISCAL YEAR 2019, SAYS STATE BUDGET OUTLOOK APPROXIMATELY IN BALANCE Budget September 4, 2018 Comptroller Kevin Lembo, in his first report on the outlook for Fiscal Year 2019, said that the state budget is on track to end the year approximately in balance. -- read more COMPTROLLER LEMBO PROJECTS $504.6-MILLION DEFICIT FOR FISCAL YEAR 2018 Budget August 1, 2018 Comptroller Kevin Lembo today projected a Fiscal Year 2018 deficit of $504.6 million, an improvement of $89.9 million over last month’s projection due to a combination of spending restraints and increased revenues. -- read more COMPTROLLER LEMBO VOTES 'NO' TO $10-MILLION STUDY OF ELECTRONIC TOLLING Policy July 25, 2018 Comptroller Kevin Lembo, reaffirming his statement last week in opposition to a proposal to borrow $10 million to pay for a study of electronic tolling, voted against the measure as a member of the State Bond Commission today. -- read more COMPTROLLER LEMBO PROJECTS $594.5-MILLION DEFICIT; SAYS WAGES CONTINUE TO LAG BEHIND JOB GROWTH Financial Status July 2, 2018 Comptroller Kevin Lembo today projected a Fiscal Year 2018 deficit of $594.5 million, which is lower than earlier recent projections due to a combination of lower agency spending and a net improvement in revenues. -- read more COMPTROLLER LEMBO'S STATEMENT ON U.S. SUPREME COURT DECISION IN JANUS V. AFSCME Statement June 27, 2018 "The decision begins the unraveling of rights and protections that hold up Connecticut’s middle class – hitting hardest our public safety workers, including police and firefighters, our educators and our health care workers, and so many others struggling to earn a living wage," Lembo said. -- read more COMPTROLLER LEMBO CALLS ON NON-PARTICIPATING QUASI-PUBLIC AGENCIES TO PROVIDE CHECKBOOK-LEVEL FINANCIAL DATA FOR TRANSPARENCY PORTAL Transparency June 21, 2018 Comptroller Kevin Lembo announced today that he has called on Connecticut's few remaining non-participating quasi-public agencies to voluntarily provide his office with checkbook-level financial data to incorporate in OpenConnecticut, the state's comprehensive financial transparency website. -- read more COMPTROLLER LEMBO LAUNCHES NEW INTERACTIVE "DIY REVENUE CALCULATOR" AS PART OF OPENCONNECTICUT Transparency June 5, 2018 Comptroller Kevin Lembo today announced the launch of a new "DIY (Do-it-Yourself) Revenue Calculator" – an online tool that allows the public to calculate the approximate impact tax changes would have on overall state revenue, and then share visualizations of those possible changes. -- read more COMPTROLLER LEMBO SAYS TROUBLING REPORT BY THE OFFICE OF INSPECTOR GENERAL SHOULD TRIGGER IMMEDIATE FEDERAL ACTION Healthcare June 4, 2018 Comptroller Kevin Lembo issued a statement following the release today of a report by the U.S. Department of Health & Human Services Office of the Inspector General (OIG) that reveals troubling details about the crisis of skyrocketing prescription drugs and the long-term implications for taxpayers and patients. -- read more COMPTROLLER LEMBO SAYS BI-PARTISAN BUDGET PUTS CT ON PATH TO $721-MILLION DEFICIT AND CONTINUES RELIANCE ON THE RAINY DAY FUND Financial Status June 1, 2018 Comptroller Kevin Lembo today released his latest monthly financial projection, reporting that Connecticut is on track to end the current fiscal year with a $721-million deficit that reflects the results of the recent bi-partisan budget agreement. -- read more COMPTROLLER LEMBO: GROUNDBREAKING PRESCRIPTION DRUG REFORM NOW LAW IN CT Healthcare May 31, 2018 Comptroller Kevin Lembo announced that An Act Concerning Prescription Drug Costs is now state law in Connecticut with Gov. Dannel P. Malloy's signature today, establishing new groundbreaking transparency requirements for pharmaceutical corporations when drug prices skyrocket. -- read more COMPTROLLER LEMBO COMMENDS SENATE FOR UNANIMOUS VOTE THAT SENDS GROUNDBREAKING PRESCRIPTION DRUG BILL TO GOVERNOR Healthcare May 9, 2018 Comptroller Kevin Lembo today praised the state Senate for unanimously approving legislation that will establish new groundbreaking transparency requirements for pharmaceutical corporations when drug prices skyrocket. -- read more COMPTROLLER LEMBO PROJECTS $386.7-MILLION DEFICIT ALONGSIDE GROWING BUDGET RESERVE FUND Budget May 1, 2018 Comptroller Kevin Lembo today, following an updated consensus revenue forecast, projected that Connecticut is on track to end the current fiscal year with a $386.7-million deficit even as the state’s Budget Reserve Fund (BRF), essentially the state’s savings account, grows. -- read more COMPTROLLER LEMBO'S STATEMENT ON ConnPIRG REPORT THAT RANKS CT AMONG TOP STATES IN ONLINE FINANCIAL TRANSPARENCY Transparency April 26, 2018 State Comptroller Kevin Lembo issued a statement on a report released this week by ConnPIRG Education Fund that ranks Connecticut among the top states in online access to government spending data. -- read more COMPTROLLER LEMBO SAYS, FOLLOWING YEARS-LONG FIGHT FOR ECONOMIC DEVELOPMENT TRANSPARENCY, AUDITORS' REPORT PROVES NEED FOR ACCURATE INDEPENDENT ASSESSMENT Transparency April 24, 2018 State Comptroller Kevin Lembo said a report issued today by the Auditors of Public Accounts demonstrates the overdue demand for an accurate and independent review of the hundreds of millions of dollars invested every year in economic incentive programs. -- read more Statewide Poll Shows Residents Worried About High Drug Costs - Support Strong Government Action Across Party Lines Healthcare April 12, 2018 Universal Health Care Foundation of Connecticut released the results of a poll that shows state residents' concerns about prescription drug affordability and bipartisan support for government action. The poll was conducted by Altarum's Healthcare Value Hub in early February. Over 900 Connecticut adults responded. -- read more COMPTROLLER LEMBO PROJECTS $197.7-MILLION DEFICIT; SAYS WALL STREET BONUSES COULD AFFECT OUTLOOK Budget April 2, 2018 Comptroller Kevin Lembo today projected that the state is on track to end the fiscal year with a $197.7-million deficit, but said there are factors that demand watch, including April receipts and significant growth in Wall Street bonuses over the last year. -- read more COMPTROLLER LEMBO, REP. SCANLON UNVEIL MAJOR PHARMACEUTICAL TRANSPARENCY LEGISLATION Prescription Drugs March 6, 2018 State Comptroller Kevin Lembo and State Rep. Sean Scanlon (D-Guilford), House Chairman of the Insurance and Real Estate Committee, today unveiled a major piece of legislation that, for the first time, creates transparency for pharmaceutical drug pricing in Connecticut. -- read more COMPTROLLER LEMBO QUESTIONS RELATIONSHIPS BETWEEN STATE’S PBM AND DRUGMAKERS Prescription Drugs March 5, 2018 Comptroller Kevin Lembo today released a letter to CVS Health – the state’s pharmacy benefit manager (PBM) – that questions whether the company’s financial interests motivate decisions to include certain pharmaceuticals on its approved drug list over the interests of those patients covered by the state health plan.-- read more COMPTROLLER LEMBO TESTIFIES ON S.B. 11: AN ACT CONCERNING CONNECTICUT'S RESPONSE TO FEDERAL TAX REFORM Testimony March 2, 2018 This legislation seeks to overcome the damaging consequences of recent federal tax changes that grossly deepen the divide between what Connecticut is forced to pay in federal taxes over what states like Mississippi, West Virginia and the Carolinas pay.-- read more COMPTROLLER LEMBO PROJECTS $198.5-MILLION DEFICIT State Finances March 1, 2018 Comptroller Kevin Lembo announced today that the state is currently on track to end Fiscal year 2018 with a deficit of $198.5 million. -- read more COMPTROLLER LEMBO ANNOUNCES ELIMINATION OF DECADES-LONG RETIREMENT BACKLOG; ESTABLISHES GOVERNMENT SAVINGS AND EFFICIENCY Good Government February 22, 2018 Comptroller Kevin Lembo today announced that a retirement backlog that has plagued the state for decades – spanning at least three administrations, undermining retirement administration efficiency and costing millions in interest over the years – has been eliminated. -- read more COMPTROLLER LEMBO, IN MEETING WITH U.S. LABOR SECRETARY, URGES RETIREMENT SECURITY FOR MILLIONS OF PRIVATE-SECTOR WORKERS Retirement Security February 13, 2018 Comptroller Kevin Lembo is meeting today with U.S. Labor Secretary R. Alexander Acosta as part of a multi-state coalition of states leading the way on retirement security and urging the federal government to protect state rights to address a growing retirement savings crisis. -- read more COMPTROLLER LEMBO PROJECTS $244.6-MILLION DEFICIT State Finances February 1, 2018 Comptroller Kevin Lembo announced today that the state is on track to end Fiscal Year 2018 with a $244.6-million deficit as a deficit mitigation plan proposed by the governor awaits action by the state legislature. -- read more COMPTROLLER LEMBO'S STATEMENT ON MULTI-STATE COALITION TO FIGHT FOR FAIRNESS IN FEDERAL TAXATION Policy January 26, 2018 "Today's announcement - that Connecticut and its northeast neighbors will not tolerate federal taxation that grossly and disproportionately burdens our states over most others - is an important step and I commend Governors Malloy, Cuomo and Murphy for their action. -- read more COMPTROLLER LEMBO'S STATEMENT ON TREASURER NAPPIER'S LEGACY OF SERVICE Statement January 3, 2018 "As our state struggled to emerge from an era of corruption and abuse of public trust, Treasurer Denise L. Nappier made history as the nation’s first African-American woman elected state treasurer and the first woman elected treasurer in Connecticut's history. -- read more COMPTROLLER LEMBO PROJECTS $224-MILLION DEFICIT; WARNS OF FEDERAL TAX CHANGE CONSEQUENCES FOR CT State Finances January 2, 2018 Comptroller Kevin Lembo announced today that the state is on track to end Fiscal Year 2018 with a $224-million deficit, and he warned about long-term ramifications of a new federal tax law that will disproportionately shift an even greater share of the federal tax burden on high-income states like Connecticut. -- read more LEMBO ANNOUNCES MEASURE TO BLOCK UNNECESSARY COSTLY DRUGS AND INVESTIGATE ALLEGED RELATIONSHIPS BETWEEN DRUG MAKERS AND PHARMACIES Health Care December 5, 2017 Comptroller Kevin Lembo today announced that his office, in partnership with the state's Health Care Cost Containment Committee (HCCCC), has initiated a measure to block the unnecessary use of outrageously expensive specialty drugs - and is urging the Office of the Attorney General to investigate the alleged possible relationships between a drug manufacturer and its top dispensing pharmacies and prescribers. -- read more COMPTROLLER LEMBO'S PROJECTS $207.8-MILLION DEFICIT; TRIGGERS MANDATORY DEFICIT MITIGATION PLAN Budget December 1, 2017 Comptroller Kevin Lembo today projected that the state is headed for a $207.8-million deficit for Fiscal Year 2018 - an amount that triggers a state requirement that the governor submit a deficit mitigation plan to the legislature because it exceeds one percent of the state's total net General Fund appropriations. -- read more COMPTROLLER LEMBO'S STATEMENT ON FCC'S PLAN TO ELIMINATE OPEN AND EQUAL ACCESS TO THE INTERNET Health Care November 21, 2017 "The Federal Communications Commission’s announcement today that it plans to dismantle landmark regulations that protect Americans’ equal access to the Internet is a deeply troubling reversal that benefits the powerful few over millions of Americans, particularly working families and small businesses. -- read more COMPTROLLER LEMBO'S STATEMENT ON ANTHEM-HARTFORD HEALTHCARE CONTRACT RESOLUTION Health Care November 20, 2017
"This agreement is bittersweet - finally delivering relief, but far too late
for hundreds of thousands who unacceptably faced disrupted health care. As administrator of the state's largest
employer health plan, I'm grateful to see a resolution, but we must now focus on preventing future disruptions to
health care. This case of contract gridlock demands legislative action to protect patients and require
mandatory arbitration when large corporations fail to responsibly reach timely agreements."
-- read more
Comptroller Kevin Lembo, in another communication directed at patients
disrupted by Anthem Blue Cross and Blue Shield's (Anthem) and Hartford HealthCare Corporation's (HHC)
unacceptable contract standoff, directed health plan members
to alternative providers and recommended protections against financial risks. -- read more
FISCAL YEAR 2015 IN REVIEW COMPTROLLER LEMBO REPORT TO FEDERAL DELEGATION: "INVESTIGATE AND REVERSE RUNAWAY PHARMACEUTICAL DRUG PRICES" Health Care | October 7, 2015 Comptroller Kevin Lembo today, in a report to Connecticut's federal delegation, detailed the consequences of a runaway pharmaceutical drug marketplace that threatens to obstruct patient care and overcome health care budgets across the public and private sectors. -- read more COMPTROLLER LEMBO PROJECTS BALANCED BUDGET AFTER RESCISSIONS; URGES CAUTION ON TIMING OF PLANNED CUTS Budget | October 1, 2015 Comptroller Kevin Lembo announced today that - following announced rescissions - the state could feasibly end Fiscal Year 2016 with a balanced budget, though he urged caution in the timing of those $102.8 million in planned cuts. -- read more COMPTROLLER LEMBO PROJECTS $800,000 SURPLUS FOR FISCAL YEAR 2016 WITH AN EYE ON FINANCIAL MARKETS AND OTHER REVENUE UNCERTAINIES Budget | September 1, 2015 Comptroller Kevin Lembo announced today that the volatility of the financial markets complicates the budget outlook for Fiscal Year 2016 at this early stage, but said the state is currently on track to end the fiscal year with an $800,000 surplus. -- read more COMPTROLLER LEMBO RESTRICTS UNREGULATED AND UNTESTED COMPOUND DRUGS; REDUCES STATE'S MONTHLY COMPOUND DRUG COSTS BY $2 MILLION Health Care | August 24, 2015 Comptroller Kevin Lembo today announced that new restrictions he implemented to curb a rapid rise in unregulated compound drug prescriptions through the state health plan have dramatically reduced state spending – by approximately $2 million per month – on certain questionable medications. -- read more COMPTROLLER LEMBO LAUNCHES FIRST IN SERIES OF HEALTH CONSUMER AWARENESS CAMPAIGNS: "EMERGENCY ROOMS ARE FOR EMERGENCIES" Health Care | August 19, 2015 Comptroller Kevin Lembo this week launched the first in a series of health consumer awareness campaigns to encourage state employees, retirees - and all Connecticut residents - to shop smart for health care. -- read more COMPTROLLER LEMBO DELIVERS NEARLY 100 SCHOOL BAGS DONATED BY COMPTROLLER EMPLOYEES TO BE DISTRIBUTED TO FOSTER FAMILIES Charitable Giving | August 18, 2015 Comptroller Kevin Lembo today, joined by Waterbury and Department of Children and Families (DCF) officials, delivered nearly 100 book bags and school supplies to the DCF Regional Office in Waterbury. -- read more COMPTROLLER LEMBO: 2015 CT STATE EMPLOYEES' CAMPAIGN FOR CHARITABLE GIVING LAUNCHES TODAY WITH NEW ONLINE DONATION PORTAL Technology | August 12, 2015 Comptroller Kevin Lembo announced that the 2015 Connecticut State Employees’ Campaign for Charitable Giving (CSEC) begins today – featuring a new online donation portal where state employees and retirees can easily donate online for the first time. -- read more COMPTROLLER LEMBO PROJECTS $70.9-MILLION DEFICIT FOR FISCAL YEAR 2015 Budget | August 3, 2015 Comptroller Kevin Lembo announced today that the state is on track to close Fiscal-Year 2015 (FY 15) with a $70.9-million deficit, noting that budget accruals will continue through August. -- read more COMPTROLLER LEMBO OPENS THE STATE'S FINANCIAL BOOKS WITH "OpenBudget" Budget | July 15, 2015 Comptroller Kevin Lembo today launched "OpenBudget," a new online portal that allows the public to view how state spending and revenue is tracking against the state's actual budgeted amounts throughout the year. -- read more COMPTROLLER LEMBO REPORTS $115.7-MILLION DEFICIT FOR FISCAL YEAR 2015 Budget | July 1, 2015 Comptroller Kevin Lembo announced today that the state is on track to end Fiscal Year 2015 with a $115.7-million deficit. -- read more COMPTROLLER LEMBO: PLAN TO STABILIZE FUTURE BUDGETS AND END CYCLES OF CRISIS-DRIVEN CUTS AND TAX INCREASES BECOMES LAW Policy | June 30, 2015 Comptroller Kevin Lembo announced that Gov. Dannel P. Malloy, as part of the larger budget document, has signed his proposal into law to reform the state's Budget Reserve Fund and stabilize Connecticut’s future budgets. -- read more COMPTROLLER LEMBO'S STATEMENT ON U.S. SUPREME COURT RULING ON SAME-SEX MARRIAGE Policy | June 26, 2015 "What has been apparent to so many for so long has now been affirmed by the court: the premise that all people are equal and share the same rights and responsibilities. -- read more COMPTROLLER LEMBO'S STATEMENT ON U.S. SUPREME COURT RULING THAT UPHOLDS RIGHT TO ASSIST POOR AND MIDDLE-CLASS PEOPLE’S ACCESS TO HEALTH CARE Policy | June 25, 2015 "As an early proponent of health-care reform, and as the administrator of the state's health-care plan, I am pleased with the decision of the U.S. Supreme Court. -- read more COMPTROLLER LEMBO COMMENDS GENERAL ASSEMBLY FOR ADOPTING MEASURE TO STABILIZE FUTURE BUDGETS AND END CYCLES OF CRISIS-DRIVEN CUTS AND TAX INCREASES Budget | June 4, 2015 Comptroller Kevin Lembo commended the General Assembly today for adopting a proposal to reform the state's Budget Reserve Fund and stabilize Connecticut's future budgets. -- read more COMPTROLLER LEMBO PROJECTS $164.9-MILLION DEFICIT FOR FISCAL YEAR 2015 Budget | June 1, 2015 Comptroller Kevin Lembo announced today that the state is on track to end Fiscal Year 2015 with a $164.9-million deficit. -- read more COMPTROLLER LEMBO PROJECTS $161.7-MILLION DEFICIT FOR FISCAL YEAR 2015 FOLLOWING LAST MONTH’S RESCISSIONS Budget | May 1, 2015 Comptroller Kevin Lembo announced today that, following the updated consensus revenue forecast released yesterday, the state General Fund is on track to end Fiscal Year 2015 with a $161.7-million deficit. -- read more COMPTROLLER LEMBO LAUNCHES "OpenCheckbook" WITH REAL-TIME STATE PAYMENT INFORMATION Budget | April 30, 2015 Comptroller Kevin Lembo today launched "OpenCheckbook," a feature that allows the public to search real-time information about who received payments from the State of Connecticut for goods or services and how much they received. -- read more COMPTROLLER LEMBO APPLAUDS UNANIMOUS FINANCE COMMITTEE VOTE THAT ADVANCES PROPOSAL TO STABILIZE STATE BUDGETS THROUGH BUDGET RESERVE FUND Budget | April 29, 2015 Comptroller Kevin Lembo announced legislation today that will establish greater transparency surrounding the hundreds of millions in dollars invested every year in economic assistance programs. -- read more
COMPTROLLER LEMBO SAYS STATE DEFICIT CLOSE TO MITIGATION; RECOMMENDS
COLLABORATIVE DEFICIT REDUCTION PLANNING
CRSB RECEIVES $250,000 TO HELP FUND STUDY ON FEASIBILITY OF
PUBLIC RETIREMENT PLAN FOR PRIVATE-SECTOR EMPLOYEES
COMPTROLLER LEMBO TESTIFIES IN SUPPORT OF INCREASING RAINY DAY FUND CAP
COMPTROLLER LEMBO TESTIFIES ON AID IN DYING FOR TERMINALLY ILL PATIENTS
COMPTROLLER LEMBO ANNOUNCES PRELIMINARY AGREEMENT WITH ANTHEM AND
UNITEDHEALTH TO ADMINISTER STATE HEALTH PLAN
COMPTROLLER LEMBO TESTIFIES ON HEALTH CARE COST TRANSPARENCY AND FACILITY FEES
CRSB SELECTS VENDORS FOR STUDY OF FEASIBILITY OF
COMPTROLLER LEMBO MEETS WITH ANTHEM OFFICIALS; CALLS FOR RAPID RESPONSE TO
PROTECT CONSUMERS, INCLUDING STATE EMPLOYEES AND RETIREES
COMPTROLLER LEMBO PROJECTS $89.4-MILLION DEFICIT FOR FISCAL YEAR 2015 AFTER LATEST REDUCTIONS
COMPTROLLER LEMBO'S STATEMENT ON PRESIDENTIAL SUPPORT FOR BROADBAND INITIATIVES LIKE CONNECTICUT'S
COMPTROLLER LEMBO ISSUES POLICY BRIEF: STABILIZE BUDGETS, MANAGE REVENUE
VOLATILITY, REDUCE LIABILITIES AND PUT DOWNWARD PRESSURE ON SPENDING
COMPTROLLER LEMBO ANNOUNCES PROPOSAL TO STABILIZE FUTURE BUDGETS
COMPTROLLER LEMBO PROJECTS $31.6-MILLION DEFICIT FOR FISCAL YEAR 15
LEMBO TESTIFIES AT BI-PARTISAN ROUNDTABLE ON HEALTH-CARE PROVIDER
CONSOLIDATIONS, FACILITY FEES AND EMERGENCY ROOM CHARGES
COMPTROLLER LEMBO,
, CONSUMER COUNSEL KATZ AND SEN. BYE REMIND MUNICIPALITIES:
FRIDAY DEADLINE TO JOIN GIGABIT ECONOMIC DEVELOPMENT MOVEMENT
COMPTROLLER LEMBO
PROJECTS $44.8-MILLION DEFICIT FOR FISCAL YEAR 15
Comptroller Kevin Lembo today announced that - following the latest consensus
revenue forecast by the Office of Policy and Management (OPM) and Office of
Fiscal Analysis (OFA) - the state is currently on track to end the fiscal year
with a $44.8-million deficit.-- read more
COMPTROLLER LEMBO ANNOUNCES PUBLIC HEARING, ONGOING INVESTIGATION INTO HEALTH CARE "FACILITY FEES"
COMPTROLLER LEMBO ISSUES CALL TO ACTION BY ALL TOWNS AND CITIES TO JOIN GIGABIT MOVEMENT
COMPTROLLER LEMBO ANNOUNCES RFP FOR NEW MEDICAL BENEFITS CONTRACT
COMPTROLLER LEMBO PROJECTS $300,000 SURPLUS FOR FY 15
COMPTROLLER LEMBO: “START SMALL, SAVE BIG” DURING NATIONAL SAVE FOR RETIREMENT
WEEK | |||
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MAYORS SEEK PARTNERS TO DEVELOP
GIGABIT INTERNET NETWORK IN CONNECTICUT; INVITE OTHERS TO JOIN THE EFFORT | September 15, 2014 -- Hartford, CT – New Haven Mayor Toni N. Harp, West Hartford Deputy Mayor Shari Cantor, Stamford Mayor David R. Martin and state Senator Beth Bye (D-West Hartford), state Comptroller Kevin Lembo and Consumer Counsel Elin Swanson Katz today issued a global call for companies and organizations to develop ultra-high-speed gigabit or “gig” Internet networks in the three cities. -- read more | |||
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COMPTROLLER LEMBO REPORTS
$300,000 SURPLUS FOR FISCAL YEAR 2015 Budget | September 2, 2014 Comptroller Kevin Lembo today, in his first projection for the new fiscal year, said the state is on track to end Fiscal Year 2015 with a $300,000 surplus... -- read more COMPTROLLER LEMBO REPORTS $121.3 MILLION SURPLUS FOR FISCAL YEAR 2014 Budget | August 1, 2014 Comptroller Kevin Lembo today reported a Fiscal Year surplus of $121.3 Million... -- read more COMPTROLLER LEMBO PROJECTS $33.2 MILLION SURPLUS FOR FISCAL YEAR 2014 Budget | July 1, 2014 Comptroller Kevin Lembo today announced that the state is currently on track to end Fiscal Year 2014 with a $33.2-million surplus. -- read more COMPTROLLER LEMBO PROJECTS $43.0 MILLION SURPLUS FOR FISCAL YEAR 2014 Budget | June 2, 2014 Comptroller Kevin Lembo today announced that the state is currently on track to end Fiscal Year 2014 with a $43.4-million surplus, as reported last month. -- read more COMPTROLLER LEMBO LAUNCHES "OPEN CONNECTICUT 2.0" WITH REAL-TIME STATE SPENDING AND REVENUE Budget | May 13, 2014 Comptroller Kevin Lembo today launched "Open Connecticut 2.0" – a significant update to the online hub of state financial information that he first launched early last year in an ongoing effort to simplify and centralize public access to important information about state revenue and spending.... -- read more COMPTROLLER LEMBO PROJECTS $43.4 MILLION SURPLUS FOR FISCAL YEAR 2014 Budget | May 1, 2014 Comptroller Kevin Lembo today announced that the state is currently on track to end Fiscal Year 2014 with a $43.4 million surplus ... -- read more COMPTROLLER LEMBO PROJECTS $504.9 MILLION SURPLUS FOR FISCAL YEAR 2014 Budget | April 1, 2014 Comptroller Kevin Lembo today announced that the state is currently on track to end Fiscal Year 2014 with a $504.9-million surplus – a number that could grow following this month’s revenue collection, barring any last-quarter spending increases. -- read more COMPTROLLER LEMBO ANNOUNCES 13-PERCENT SAVINGS WITH NEW PRELIMINARY CIGNA AGREEMENT Budget | March 26, 2014 Comptroller Kevin Lembo today announced that the state has concluded its competitive bidding process and selected a new dental carrier – Cigna – to solely administer the state employee and retiree plan at drastically reduced annual costs over the previous dental contract. -- read more COMPTROLLER LEMBO PROJECTS $504.4 MILLION SURPLUS FOR FISCAL YEAR 2014 Budget | March 3, 2014 Comptroller Kevin Lembo today announced that the state is currently on track to end Fiscal Year 2014 with a 504.4 Million Surplus. -- read more COMPTROLLER LEMBO PROJECTS GROWING SURPLUS OF $506.1 MILLION FOR FISCAL YEAR 2014 Budget | February 3, 2014 Comptroller Kevin Lembo today announced that the state's outlook for Fiscal Year 2014 continues to grow positive with a current projected surplus of $506.1 million – an increase of $232.9 million over last month. -- read more COMPTROLLER LEMBO'S STATEMENT ON GOVERNOR MALLOY'S BUDGET ANNOUNCEMENT Budget | January 30, 2014 "This proposal recognizes two of Connecticut’s top financial needs – retiring a piece of our long-term debt and replenishing our Rainy Day Fund. -- read more COMPTROLLER LEMBO SAYS STATE BUDGET OUTLOOK CONTINUES TO SLOWLY IMPROVE Budget | January 2, 2014 Comptroller Kevin Lembo today announced that the state's General Fund is currently on track to end Fiscal Year 2014 with a surplus of $273.3 million – another month of improvement for the state's short-term outlook, despite a more cautious long-term view. -- read more GOV. MALLOY ISSUES EXECUTIVE ORDER TO INCREASE TRANSPARENCY ON ECONOMIC DEVELOPMENT INCENTIVES Transparency | December 3, 2013 (HARTFORD, CT) – Governor Dannel P. Malloy, joined by State Comptroller Kevin Lembo and Department of Economic and Community Development (DECD) Commissioner Catherine Smith, today signed Executive Order (EO) No. 38 to make information regarding certain economic assistance and tax credits used to recruit or retain businesses more accessible to Connecticut residents. -- read more COMPTROLLER LEMBO EXPANDS “OPEN CONNECTICUT” TO INCLUDE QUASI-PUBLIC AGENCIES AND FEDERAL PROGRAMS Transparency | December 11, 2013 Comptroller Kevin Lembo today announced that he has expanded “Open Connecticut” to include financial information on Connecticut’s quasi-public agencies and federal dollars. 
-- read more GOV. MALLOY ISSUES EXECUTIVE ORDER TO INCREASE TRANSPARENCY ON ECONOMIC DEVELOPMENT INCENTIVES Transparency | December 3, 2013 (HARTFORD, CT) – Governor Dannel P. Malloy, joined by State Comptroller Kevin Lembo and Department of Economic and Community Development (DECD) Commissioner Catherine Smith, today signed Executive Order (EO) No. 38 to make information regarding certain economic assistance and tax credits used to recruit or retain businesses more accessible to Connecticut residents. -- read more COMPTROLLER LEMBO SAYS FINANCIAL OUTLOOK CONTINUES TO IMPROVE, BUT URGES CAUTION State Finances | December 2, 2013 Comptroller Kevin Lembo today announced that - due to increasing state revenue flow and a tax amnesty program -- the state's financial outlook has continued to improve, positioning the state to end Fiscal Year 2014 with a surplus of $245.9 million. -- read more COMPTROLLER LEMBO: ANNOUNCES IMPROVED OUTLOOK WITH PROJECTED $11.2-MILLION SURPLUS State Finances | November 1, 2013 Comptroller Kevin Lembo today announced that the state is currently on track to end Fiscal Year 2014 with a surplus of $11.2 million based on Generally Accepted Accounting Principles (GAAP). -- read more COMPTROLLER LEMBO: "START SMALL, SAVE BIG" DURING NATIONAL SAVE FOR RETIREMENT WEEK Plan Your Escape | October 21, 2013 Comptroller Kevin Lembo today announced that he is joining a coalition of employers across the country to recognize National Save for Retirement Week and raise awareness about the critical need for individuals to save for their financial future. -- read more COMPTROLLER LEMBO SAYS FISCAL YEAR 2014 ON PATH TO $4.4-MILLION SURPLUS; HIGHLIGHTS AREAS WORTH WATCHING State Finances | October 1, 2013 Comptroller Kevin Lembo today announced that, while the fiscal year is still young, the state is currently on track for a $4.4 million surplus on the basis of Generally Accepted Accounting Principles (GAAP). -- read more COMPTROLLER LEMBO ANNOUNCES PHARMACY PLAN FOR MUNICIPALITIES State Health Benefits | September 30, 2013 Comptroller Kevin Lembo announced today a new opportunity for municipalities to join the state's pharmacy plan - the CT Partnership Pharmacy Plan - and achieve significant savings, even if they have opted not to join the state's full medical plan. -- read more FISCAL YEAR IN REVIEW State Finances | September 25, 2013 
Comptroller Kevin Lembo held his annual presentation of the State's year-end finances. Comptroller Kevin Lembo today announced that the
state’s financial status has continued to improve and that Fiscal Year 2013 will end with a surplus of approximately
$398.79 million. Comptroller Kevin Lembo today announced that the
state’s financial status has continued to improve and that, pending final
calculations, Fiscal Year 2013 will likely end with a surplus of approximately
$312.1 million, based on Generally Accepted Accounting Principles (GAAP). Comptroller Kevin Lembo and Department of Administrative Services
(DAS) Commissioner Donald J. DeFronzo today announced that ePay – a joint
project that transitions nearly all state employees to paperless digital pay
statements – is complete. |
Tweets by @ComptroLLembo |
