STATE OF CONNECTICUT
THE STATE COMPTROLLER
|WYMAN SAYS MODERATING ECONOMY MAY LEAD TO SMALLER SURPLUS
|Contact: Steve Jensen|
|October 2, 2007||Steven.Jensen@po.state.ct.us|
State Comptroller Nancy Wyman said indications of a moderating economy have led her to project a relatively small surplus of $4.9 million for the fiscal year that ends June 30, 2008.
That estimate is a fraction of the $1.1 billion gross surplus the state recorded in fiscal 2007.
"Although current revenue trends are still positive, there are some indications of an approaching economic slowdown," Wyman said. "Overall, the state economy remains stable, but I do not expect a continuation of the enormous surpluses of the past several years."
In her monthly letter to the Governor on the state's economy, Wyman detailed several "mixed signals" from the state and national economies that led to her conservative projection, including:
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