State expects budget surplus despite corporate tax, Medicaid changes

Connecticut Inside Investigator – Monday, December 1, 2025
By Alex Appel

Connecticut is still on track to have a budget surplus, even though stipulations in the One Big Beautiful Bill Act (OBBA) have dramatically changed the state’s sources of revenue and financial responsibilities.

“Despite us seeing substantial, over $100 million, loss of revenue [this month] because of that tax change coming from Washington and because our Medicaid program is in deficiency, we’re spending more money than we budgeted for,” State Comptroller Sean Scanlon said during the Economic Update he issued on Dec. 1. “We still are on course to have a surplus at the end of this budget.”

Click here to read the entire article.