DAILY NEWS CLIP: January 16, 2025

Big interest earnings from COVID grants were kept out of CT budget since 2021


CT Mirror – Wednesday, January 15, 2025
By Keith Phaneuf

Since Congress awarded Connecticut $2.8 billion in emergency pandemic relief nearly four years ago, state government has earned hundreds of millions of dollars through investments.

State legislators learned about this $340 million windfall for the first time Wednesday.

Gov. Ned Lamont’s budget director says the Treasurer’s Office failed to properly move the interest earnings into the General Fund — a problem corrected just a few weeks ago.

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