Facing federal cuts, Lamont OKs $500 million contingency fund

CT Mirror – Monday, November 3, 2025
By Mark Pazniokas

Gov. Ned Lamont, who has been under pressure to more forcefully respond to federal cuts in social services, said Monday he has agreed to hundreds of millions of dollars in emergency funding to be addressed next week in a special session of the General Assembly.

The legislation would divert $500 million now slated for the state pension funds to the state’s budget reserves, which now stand at the statutory maximum of $4.3 billion, or 18% of the general fund. The result would be Connecticut having up to $4.8 billion to confront federal cuts and other contingencies.

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