April brings good luck to Gov. Lamont and the General Assembly

During most of Gov. Ned Lamont's tenure, income tax receipts tied to capital gains and other investments and business tax receipts from hedge funds and other partnerships have surged shortly after the April 15 filing deadline by an average of almost $490 million, even including 2023, when revenues dipped by $500 million. This timely extra cash may help Lamont and legislators fund key initiatives this spring as they craft Connecticut's next budget.