Are CT budget surpluses coming back to Earth?

Between the 2017-18 and 2022-23 fiscal years, state government amassed nearly $11 billion in surpluses, including a record high of $4.3 billion in 2021-22.

Chart showing Connecticut budget surplus from 2004 to 2023
Surplus figures include General Fund surplus plus volatility adjustment savings
Chart: CT MirrorSource: Office of the State Comptroller annual reports and year-end letters to governor, 2004-2023, adopted state budgets 2004-2023Get the dataCreated with Datawrapper