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State budget forecast improves from September estimates

OCTOBER 26, 2020 | by Brendan Crowley | CONNECTICUT EXAMINER

By Brendan Crowley, includes “Connecticut’s budget forecast has continued to improve as revenues from sales, income and real estate taxes exceed earlier projections. … The state ended the fiscal year with a surplus after receiving about $500 million in federal funds earlier than anticipated, reported fewer refunds in 2020 because the filing deadline was extended, and received more income and sales tax revenue than expected, McCaw has said …”

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