New CT budget sets Lamont’s legacy as he seeks 3rd term

CT Mirror – Friday, May 8, 2026
By Keith M. Phaneuf

Even as he runs for a third term, a major piece of Gov. Ned Lamont’s legacy already is established: the Democrat and former businessman has reduced Connecticut’s debt at unmatched speed and scale.

Despite compromising lately on budget caps he’s vociferously defended for most of his seven years in office, the governor will close Connecticut’s books June 30 with another $1.1 billion he can set against the massive pension debt he inherited from past generations.

That will push total surplus deposits beyond $11 billion since 2020, almost $1.6 billion per year.

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