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COMPTROLLER LEMBO PROJECTS $42-MILLION DEFICIT Budget| NOVEMBER 1, 2016 Comptroller Kevin Lembo announced today that his analysis of recent spending data indicates that the state is currently on track to end the year with a $42-million deficit. -- read more  COMPTROLLER LEMBO SAYS EARLY DATA SHOWS BALANCED BUDGET; WARNS THAT SAVINGS TARGET MAY BECOME A CHALLENGE Budget| OCTOBER 3, 2016 Comptroller Kevin Lembo announced today that, while still early in Fiscal Year 2017, the state is currently on track to end the year essentially in balance. -- read more COMPTROLLER LEMBO ISSUES FIRST PROJECTION OF FY 17, SHOWS BUDGET APPROXIMATELY IN BALANCE Budget| SEPTEMBER 1, 2016 Comptroller Kevin Lembo today issued his first projection of the Fiscal Year 2017 budget, reporting early results are consistent with the budget plan. -- read more STATEMENT FROM COMPTROLLER LEMBO ON DEPARTMENT OF LABOR'S FINAL RULE CONCERNING STATE RETIREMENT INITIATIVES Budget| AUGUST 25, 2016 "The finalized rule from the Department of Labor on Savings Arrangements Established by States for Non-Governmental Employees solidifies the work of the Connecticut Retirement Security Board. -- read more COMPTROLLER LEMBO PROJECTS $279.4-MILLION DEFICIT FOR FISCAL YEAR 2016 Budget| AUGUST 1, 2016 Comptroller Kevin Lembo today reported a projected General Fund deficit of $279.4 million for Fiscal Year 2016, an improvement of $36.4 million. -- read more COMPTROLLER LEMBO ANNOUNCES CHECKBOOK-LEVEL FINANCIAL DATA NOW AVAILABLE ONLINE FOR QUASI-PUBLIC AGENCIES Transparency| July 12, 2016 Comptroller Kevin Lembo announced today that checkbook-level data on vendor payments made by Connecticut quasi-public agencies is now available online at OpenConnecticut, the state's comprehensive financial transparency website. -- read more COMPTROLLER LEMBO REPORTS $315.8-MILLION DEFICIT FOR FISCAL YEAR 2016 Budget| July 1, 2016 Comptroller Kevin Lembo today reported a $315.8-million deficit for Fiscal Year 2016, pending final budget accruals – but noted that while global factors have contributed to additional market volatility, there are some bright spots among Connecticut’s economic indicators. -- read more COMPTROLLER LEMBO TO INSURANCE COMMISSIONER: RECUSE SELF AND RESTORE PUBLIC CONFIDENCE IN ANTHEM-CIGNA REVIEW PROCESS Budget| June 30, 2016 Comptroller Kevin Lembo, in a follow-up letter to state Department of Insurance (DOI) Commissioner Katherine Wade today, urged that she immediately recuse herself from the Anthem-Cigna merger review process and ensure that all interested parties can fully participate in order to restore public confidence. -- read more COMPTROLLER LEMBO PROPOSES MEASURES TO USE SPENDING CAP AS TOOL FOR BUDGET STABILITY AND PREDICTABILITY Budget| June 20, 2016 Comptroller Kevin Lembo, testifying before the state Spending Cap Commission today, proposed a new approach to the state spending cap formula in order to better stabilize future state budgets. -- read more COMPTROLLER LEMBO'S STATEMENT ON GOVERNOR'S VETO ON ENHANCED ANALYSIS OF ECONOMIC DEVELOPMENT AND JOB CREATION PROGRAMS Policy| June 9, 2016 Comptroller Kevin Lembo had proposed a legislative measure to benefit businesses and all taxpayers by establishing a more efficient and effective analysis of whether hundreds of millions of dollars in economic incentives provided to businesses are fulfilling their intended purpose. -- read more COMPTROLLER LEMBO REPORTS NO CHANGE FROM LAST MONTH WITH $259.1-MILLION DEFICIT PROJECTION Budget| June 1, 2016 Comptroller Kevin Lembo today, while urging continued caution about the state’s outlook, reported that the projected deficit for the current fiscal year remains unchanged this month at $259.1 million. -- read more COMPTROLLER LEMBO'S STATEMENT ON GOVERNOR SIGNING INTO LAW A WORKPLACE-BASED RETIREMENT SECURITY OPTION FOR NEARLY 600,000 WORKERS Policy| May 31, 2016 Comptroller Kevin Lembo today acknowledged Gov. Dannel P. Malloy's signature on the new retirement security program law. -- read more COMPTROLLER LEMBO SAYS "NEW ECONOMIC REALITY" WARRANTS VOTE AGAINST $22 MILLION IN STATE MONEY FOR HEDGE FUND, URGES SHIFT IN ECONOMIC STRATEGY TO BENEFIT ALL CT BUSINESSES Policy| May 27, 2016 Comptroller Kevin Lembo, at today's state Bond Commission meeting, voted against providing $22 million in state bond funding to Bridgewater Associates, a Connecticut hedge fund that manages more than $130 billion in global investments. -- read more COMPTROLLER LEMBO, CT STATE MEDICAL SOCIETY CO-HOST PHARMACEUTICAL FORUM ON SKYROCKETING DRUG COSTS Forum | May 17, 2016 Comptroller Kevin Lembo, with the Connecticut State Medical Society (CSMS), co-hosted a forum in Hartford today that brought together physicians, pharmaceutical companies, academicians, patient advocates and other industry experts to address the skyrocketing cost of medications. -- read more COMPTROLLER LEMBO APPLAUDS LEGISLATIVE SUPPORT FOR ENHANCED ANALYSIS OF ECONOMIC DEVELOPMENT AND JOB CREATION PROGRAMS Legislation | May 4, 2016 Comptroller Kevin Lembo applauded the state General Assembly for adopting a measure to ensure that, on behalf of businesses and all taxpayers, the state will conduct a more efficient and effective analysis of whether hundreds of millions of dollars in economic incentives provided to businesses are fulfilling their intended purpose. -- read more COMPTROLLER LEMBO, FOLLOWING UPDATED CONSENSUS REVENUE ESTIMATES, PROJECTS $259.1-MILLION DEFICIT FOR FISCAL YEAR 2016 Budget | May 2, 2016 Comptroller Kevin Lembo today, following the recently updated consensus revenue estimate, reported that the state is on track to end the current fiscal year with a $259.1-million deficit. -- read more COMPTROLLER LEMBO APPLAUDS SENATE VOTE APPROVING WORKPLACE-BASED RETIREMENT SECURITY OPTION FOR NEARLY 600,000 WORKERS Legislation | April 30, 2016 Comptroller Kevin Lembo commended the state Senate for voting today in favor of a financially self-sustaining retirement savings program that could serve nearly 600,000 private-sector workers in Connecticut who currently have no access to workplace-based retirement savings. -- read more NEW REPORT: Connecticut Receives "A+" in Annual Report on Transparency of Government Spending Transparency| April 28, 2016 Connecticut received an A+ when it comes to government spending transparency, according to "Following the Money 2016: How the 50 States Rate in Providing Online Access to Government Spending Data," the seventh annual report of its kind by Connecticut Public Interest Research Group Education Fund. Connecticut's near-perfect score makes it a leader in state spending transparency nationally. -- read more COMPTROLLER LEMBO APPLAUDS HOUSE VOTE THAT ADVANCES RETIREMENT SECURITY PROGRAM TO SERVE NEARLY 600,000 WORKERS WITHOUT WORKPLACE SAVINGS Legislation | April 26, 2016 Comptroller Kevin Lembo commended the state House of Representatives for voting today in favor of a financially self-sustaining retirement savings program that would serve nearly 600,000 private-sector workers in Connecticut who currently have no access to workplace-based retirement savings. -- read more COMPTROLLER LEMBO CALLS FOR OPEN, INCLUSIVE AND THOROUGH REVIEW OF ANTHEM-CIGNA MERGER Merger | April 6, 2016 Comptroller Kevin Lembo, in a letter to the state Department of Insurance (DOI) this week, urged an open and thorough review of a proposed merger between Anthem and Cigna in order to address significant concerns raised by health care consumers and providers. -- read more COMPTROLLER LEMBO SAYS LEGISLATIVE ACTION ELIMINATES $220-MILLION DEFICIT FOR NOW; WARNS THAT FURTHER REVENUE EROSION IS POSSIBLE Budget | April 1, 2016 Comptroller Kevin Lembo announced today that spending reductions and transfers adopted by the legislature this week provide the necessary tools to eliminate this fiscal year's $220-million deficit - however, he warned about possible further revenue erosion and other risks related to moderate national economic growth. -- read more COMPTROLLER LEMBO ANNOUNCES NATIONAL AWARD FOR CT’S SUCCESSFUL MANAGEMENT OF ITS CONVERSION TO NEW RETIREMENT SAVINGS PLANS ADMINISTRATOR Transparency | March 30, 2016 Comptroller Kevin Lembo today announced that the Office of the State Comptroller was nationally recognized with a 2016 Eddy Award for the successful conversion of its retirement savings plan administration. -- read more COMPTROLLER LEMBO URGES ENHANCED ANALYSIS OF ECONOMIC DEVELOPMENT AND JOB CREATION PROGRAMS Transparency | March 22, 2016 Comptroller Kevin Lembo, in testimony submitted to the state legislature’s Finance, Revenue and Bonding Committee today, said that businesses and all taxpayers deserve the most efficient and effective analysis of whether hundreds of millions of dollars in economic incentives provided to businesses are fulfilling their intended purpose. -- read more COMPTROLLER LEMBO TESTIFIES IN SUPPORT OF PROPOSAL TO ESTABLISH HEALTH AND BIOSCIENCE INNOVATION CORRIDOR Technology | March 15, 2016 Comptroller Kevin Lembo, in testimony submitted today, announced his support for an economic development proposal to establish an innovation corridor in Connecticut where private health, bioscience and related industries could improve access to competitively priced ultra-high-speed broadband networks and other technological needs. -- read more COMPTROLLER LEMBO SUBMITS TESTIMONY IN SUPPORT OF IMPROVED ACCESS TO PUBLIC UNIVERSITIES' FINANCIAL INFO Transparency | March 14, 2016 Comptroller Kevin Lembo announced today that, in written testimony submitted to the state legislature’s Appropriations Committee, he urged improved access to public universities’ financial information, including budget, spending and revenue. -- read more COMPTROLLER LEMBO APPLAUDS LABOR COMMITTEE VOTE THAT ADVANCES RETIREMENT SECURITY PROGRAM TO SERVE NEARLY 600,000 WORKERS WITHOUT WORKPLACE SAVINGS Retirement | March 10, 2016 Comptroller Kevin Lembo commended the General Assembly’s Labor and Public Employees Committee for voting in favor of a financially self-sustaining retirement savings program that would serve nearly 600,000 private-sector workers in Connecticut who currently have no access to workplace-based retirement savings. -- read more COMPTROLLER LEMBO TESTIFIES IN SUPPORT OF RETIREMENT SECURITY PROGRAM; SAYS NEARLY 600,000 CT WORKERS HAVE NO ACCESS TO WORKPLACE SAVINGS Retirement | March 8, 2016 Comptroller Kevin Lembo testified today in support of a financially self-sustaining retirement savings program that would serve nearly 600,000 private-sector workers in Connecticut who currently have no access to workplace-based retirement savings. -- read more COMPTROLLER LEMBO ANNOUNCES OVERWHELMING RESPONSE BY QUASI-PUBLIC AGENCIES TO PROVIDE CHECKBOOK-LEVEL FINANCIAL DATA FOR STATE'S ONLINE TRANPARENCY PORTAL Transparency | March 7, 2016 Comptroller Kevin Lembo announced today that 10 out of 12 Connecticut quasi-public agencies have officially confirmed that they will voluntarily provide his office with checkbook-level financial data annually to incorporate in OpenConnecticut, the state’s comprehensive financial transparency website. -- read more COMPTROLLER LEMBO TESTIFIES FOR MEASURE TO CURB SKYROCKETING DRUG PRICES Healthcare | March 4, 2016 Comptroller Kevin Lembo, in testimony submitted this week, announced his support for a state measure to reduce skyrocketing pharmaceutical drug costs and improve health-care outcomes for patients. -- read more COMPTROLLER LEMBO TESTIFIES FOR MEASURE SUPPORTING VETERAN-OWNED SMALL BUSINESSES Budget | March 4, 2016 Comptroller Kevin Lembo, in testimony submitted this week, his support for a state measure to relieve burdens on small businesses, particularly those owned by veterans. -- read more COMPTROLLER LEMBO PROJECTS $219.9-MILLION DEFICIT FOLLOWING EXPECTED REVENUE EROSION Budget | March 1, 2016 Comptroller Kevin Lembo announced today that, as he reported last month, revenue has further eroded -- bringing the latest projected deficit for the current fiscal year to $219.9 million. -- read more CRSB SUBMITS IMPLEMENTATION PLAN FOR PUBLIC RETIREMENT PROGRAM FOR PRIVATE-SECTOR EMPLOYEES Retirement | February 25, 2016 The Connecticut Retirement Security Board (CRSB) today submitted an implementation plan in the form of legislation that would establish a state-run retirement savings program for private-sector employees in Connecticut. -- read more COMPTROLLER LEMBO TESTIFIES IN FAVOR OF INTERN PROGRAM FOR ADULTS WITH AUTISM Legislation | February 24, 2016 Comptroller Kevin Lembo, in written testimony to the state legislature's Public Health Committee today, expressed his support for legislation to establish a state plan to implement an internship program for adults with autism. -- read more COMPTROLLER LEMBO CALLS ON ALL QUASI-PUBLIC AGENCIES TO PROVIDE CHECKBOOK-LEVEL FINANCIAL DATA FOR STATE'S ONLINE TRANSPARENCY PORTAL Budget | February 1, 2016 Comptroller Kevin Lembo announced today that he has called on all of Connecticut's quasi-public agencies to voluntarily provide his office with checkbook-level financial data annually to incorporate in OpenConnecticut, the state's comprehensive financial transparency website. -- read more COMPTROLLER LEMBO PROJECTS $7.1-MILLION DEFICIT WITH POSSIBILITY OF FURTHER REVENUE EROSION Budget | February 1, 2016 Comptroller Kevin Lembo, today projected a $7.1-million deficit for the current fiscal year, agreeing that the state can achieve its targeted savings on spending, but warning that there is potential for continued erosion of revenue due to stock market declines and a slowdown in the global economy. -- read more COMPTROLLER LEMBO RECEIVES AARP LEGISLATIVE ACHIEVEMENT AWARD FOR LEADERSHIP ON RETIREMENT SAVINGS Retirement | January 25, 2016 Comptroller Kevin Lembo, surrounded by a room full of AARP volunteers at the organization’s Connecticut headquarters in Hartford today, received AARP’s Legislative Achievement Award in recognition of his leadership on retirement savings. -- read more COMPTROLLER LEMBO SAYS BROADBAND DEFICIENCY REPORT DEMONSTRATES HARM TO STATE ECONOMY CT Gig Project | January 25, 2016 Comptroller Kevin Lembo, responding to a report on the state’s broadband deficiencies, said that technology infrastructure investment – including both ultra-high-speed broadband networks and data centers – is absolutely imperative to both attract businesses to Connecticut and to keep existing industries from leaving. -- read more COMPTROLLER LEMBO RELEASES DETAILED PENSION FUNDING ANALYSIS WITH EVIDENCE-BASED REFORM RECOMMENDATION Budget | January 14, 2016 Comptroller Kevin Lembo, after working closely with pension experts and actuaries to investigate pension reform solutions, has released a detailed analysis of state pension funding options and offers an evidence-based recommendation using actuarial best practices that would save the state $1 billion over the current funding methodology. -- read more COMPTROLLER LEMBO SAYS DEFICIT MITIGATION MEASURES PUT STATE ON PATH TO $200,000 SURPLUS Budget | January 4, 2016 Comptroller Kevin Lembo reported today that, after adjusting for the deficit mitigation requirements adopted by the General Assembly in December, the state is on track to end the current fiscal year with a small General Fund surplus of $200,000. -- read more CRSB COMPLETES FEASIBILITY STUDY OF PUBLIC RETIREMENT PLAN FOR PRIVATE-SECTOR EMPLOYEES; REPORTS FINDINGS TO LEGISLATURE AND GOVERNOR Benefits | January 4, 2016 The Connecticut Retirement Security Board (CRSB) today submitted a report to the General Assembly that says a public retirement program for private-sector employees is financially feasible under a range of market scenarios and plan designs. -- read more COMPTROLLER LEMBO’S STATEMENT ON DELAY OF AFFORDABLE CARE ACT’S “CADILLAC TAX” Health Care | December 18, 2015 "The so-called ‘Cadillac tax’ – senselessly deterring employers from offering quality health care benefits and punishing those that do – has rightfully been delayed. This two-year delay is an important first step, and hopefully a prelude to complete repeal of this excise tax. I am particularly grateful to Rep. Joe Courtney for leading this effort." -- read more COMPTROLLER LEMBO, IN TESTIMONY TO CONGRESSIONAL DEMOCRATIC STEERING AND POLICY COMMITTEE: “INVESTIGATE AND REVERSE RUNAWAY PHARMACEUTICAL DRUG PRICES” Health Care | December 2, 2015 Comptroller Kevin Lembo, in written testimony submitted to the Democratic Steering and Policy Committee for a hearing today, detailed the consequences of a runaway pharmaceutical drug marketplace that threatens to obstruct patient care and overcome health care budgets across the public and private sectors. -- read more COMPTROLLER LEMBO PROJECTS $122.4 MILLION DEFICIT, DEPENDENT ON STATE'S ABILITY TO MEET PLANNED SAVINGS TARGET Budget | December 1, 2015 Comptroller Kevin Lembo reported today that, after accounting for about $102.8 million in rescissions announced in September and the updated consensus revenue forecast announced last month, the state is on track to end the current fiscal year with a $122.4-million deficit. -- read more COMPTROLLER LEMBO OFFERS ALTERNATIVE PENSION FUNDING APPROACH; COMMENDS GOVERNOR FOR OPENING CONVERSATION Budget | November 17, 2015 Comptroller Kevin Lembo this week offered an alternative pension funding proposal for consideration that has the potential to reduce the volatility of future payments to the pension fund and create a more manageable schedule for paying down the unfunded liabilities, while also utilizing actuarial best practices modeled in other states. -- read more COMPTROLLER LEMBO PROJECTS $118.4 MILLION DEFICIT; POINTS TO SLOW JOB GAINS IN FINANCIAL SERVICES SECTOR Budget | November 2, 2015 Comptroller Kevin Lembo reported today that, after accounting for about $102.8 million in rescissions announced in September, the state is on track to end the current fiscal year with a $118.4-million deficit. -- read more COMPTROLLER LEMBO'S STATEMENT ON GOVERNOR'S PLAN TO ADDRESS BUDGET CHALLENGES Budget | October 28, 2015 I applaud the Governor for announcing an action plan to address Connecticut’s immediate and long-term budget challenges. Refining that action plan – based on questions that I and others have – will be an important next step. -- read more COMPTROLLER LEMBO CALLS ON ALL INCUMBENT PROVIDERS TO JOIN ATLANTIC BROADBAND’S INFRASTRUCTURE INITIATIVE STATEWIDE CT Gig Project | October 23, 2015 State Comptroller Kevin Lembo, in letters today to Connecticut’s broadband providers, called on them to rise to the challenge and lead the way on investments to bring affordable high-speed Internet to their entire service areas. -- read more COMPTROLLER LEMBO COMMENDS BIPARTISAN COLLABORATION ON STATE BUDGET SOLUTION Budget | October 19, 2015 "The Governor's announcement today - calling for bipartisan state budget meetings - is the best path forward. Collaboration across branches, politics and agencies ensures that necessary spending cuts are made only after the most thoughtful and transparent process. -- read more COMPTROLLER LEMBO: "START SMALL, SAVE BIG" DURING NATIONAL RETIREMENT SECURITY WEEK Retirement | October 19, 2015 Comptroller Kevin Lembo today joined employers across the country to recognize National Retirement Security Week - which runs Oct. 18-24 - to promote financial literacy and raise public awareness about the need to plan for retirement security. -- read more
FISCAL YEAR 2015 IN REVIEW COMPTROLLER LEMBO REPORT TO FEDERAL DELEGATION: "INVESTIGATE AND REVERSE RUNAWAY PHARMACEUTICAL DRUG PRICES" Health Care | October 7, 2015 Comptroller Kevin Lembo today, in a report to Connecticut's federal delegation, detailed the consequences of a runaway pharmaceutical drug marketplace that threatens to obstruct patient care and overcome health care budgets across the public and private sectors. -- read more COMPTROLLER LEMBO PROJECTS BALANCED BUDGET AFTER RESCISSIONS; URGES CAUTION ON TIMING OF PLANNED CUTS Budget | October 1, 2015 Comptroller Kevin Lembo announced today that - following announced rescissions - the state could feasibly end Fiscal Year 2016 with a balanced budget, though he urged caution in the timing of those $102.8 million in planned cuts. -- read more COMPTROLLER LEMBO PROJECTS $800,000 SURPLUS FOR FISCAL YEAR 2016 WITH AN EYE ON FINANCIAL MARKETS AND OTHER REVENUE UNCERTAINIES Budget | September 1, 2015 Comptroller Kevin Lembo announced today that the volatility of the financial markets complicates the budget outlook for Fiscal Year 2016 at this early stage, but said the state is currently on track to end the fiscal year with an $800,000 surplus. -- read more COMPTROLLER LEMBO RESTRICTS UNREGULATED AND UNTESTED COMPOUND DRUGS; REDUCES STATE'S MONTHLY COMPOUND DRUG COSTS BY $2 MILLION Health Care | August 24, 2015 Comptroller Kevin Lembo today announced that new restrictions he implemented to curb a rapid rise in unregulated compound drug prescriptions through the state health plan have dramatically reduced state spending – by approximately $2 million per month – on certain questionable medications. -- read more COMPTROLLER LEMBO LAUNCHES FIRST IN SERIES OF HEALTH CONSUMER AWARENESS CAMPAIGNS: "EMERGENCY ROOMS ARE FOR EMERGENCIES" Health Care | August 19, 2015 Comptroller Kevin Lembo this week launched the first in a series of health consumer awareness campaigns to encourage state employees, retirees - and all Connecticut residents - to shop smart for health care. -- read more COMPTROLLER LEMBO DELIVERS NEARLY 100 SCHOOL BAGS DONATED BY COMPTROLLER EMPLOYEES TO BE DISTRIBUTED TO FOSTER FAMILIES Charitable Giving | August 18, 2015 Comptroller Kevin Lembo today, joined by Waterbury and Department of Children and Families (DCF) officials, delivered nearly 100 book bags and school supplies to the DCF Regional Office in Waterbury. -- read more COMPTROLLER LEMBO: 2015 CT STATE EMPLOYEES' CAMPAIGN FOR CHARITABLE GIVING LAUNCHES TODAY WITH NEW ONLINE DONATION PORTAL Technology | August 12, 2015 Comptroller Kevin Lembo announced that the 2015 Connecticut State Employees’ Campaign for Charitable Giving (CSEC) begins today – featuring a new online donation portal where state employees and retirees can easily donate online for the first time. -- read more COMPTROLLER LEMBO PROJECTS $70.9-MILLION DEFICIT FOR FISCAL YEAR 2015 Budget | August 3, 2015 Comptroller Kevin Lembo announced today that the state is on track to close Fiscal-Year 2015 (FY 15) with a $70.9-million deficit, noting that budget accruals will continue through August. -- read more COMPTROLLER LEMBO OPENS THE STATE'S FINANCIAL BOOKS WITH "OpenBudget" Budget | July 15, 2015 Comptroller Kevin Lembo today launched "OpenBudget," a new online portal that allows the public to view how state spending and revenue is tracking against the state's actual budgeted amounts throughout the year. -- read more COMPTROLLER LEMBO REPORTS $115.7-MILLION DEFICIT FOR FISCAL YEAR 2015 Budget | July 1, 2015 Comptroller Kevin Lembo announced today that the state is on track to end Fiscal Year 2015 with a $115.7-million deficit. -- read more COMPTROLLER LEMBO: PLAN TO STABILIZE FUTURE BUDGETS AND END CYCLES OF CRISIS-DRIVEN CUTS AND TAX INCREASES BECOMES LAW Policy | June 30, 2015 Comptroller Kevin Lembo announced that Gov. Dannel P. Malloy, as part of the larger budget document, has signed his proposal into law to reform the state's Budget Reserve Fund and stabilize Connecticut’s future budgets. -- read more COMPTROLLER LEMBO'S STATEMENT ON U.S. SUPREME COURT RULING ON SAME-SEX MARRIAGE Policy | June 26, 2015 "What has been apparent to so many for so long has now been affirmed by the court: the premise that all people are equal and share the same rights and responsibilities. -- read more COMPTROLLER LEMBO'S STATEMENT ON U.S. SUPREME COURT RULING THAT UPHOLDS RIGHT TO ASSIST POOR AND MIDDLE-CLASS PEOPLE’S ACCESS TO HEALTH CARE Policy | June 25, 2015 "As an early proponent of health-care reform, and as the administrator of the state's health-care plan, I am pleased with the decision of the U.S. Supreme Court. -- read more COMPTROLLER LEMBO COMMENDS GENERAL ASSEMBLY FOR ADOPTING MEASURE TO STABILIZE FUTURE BUDGETS AND END CYCLES OF CRISIS-DRIVEN CUTS AND TAX INCREASES Budget | June 4, 2015 Comptroller Kevin Lembo commended the General Assembly today for adopting a proposal to reform the state's Budget Reserve Fund and stabilize Connecticut's future budgets. -- read more COMPTROLLER LEMBO PROJECTS $164.9-MILLION DEFICIT FOR FISCAL YEAR 2015 Budget | June 1, 2015 Comptroller Kevin Lembo announced today that the state is on track to end Fiscal Year 2015 with a $164.9-million deficit. -- read more COMPTROLLER LEMBO PROJECTS $161.7-MILLION DEFICIT FOR FISCAL YEAR 2015 FOLLOWING LAST MONTH’S RESCISSIONS Budget | May 1, 2015 Comptroller Kevin Lembo announced today that, following the updated consensus revenue forecast released yesterday, the state General Fund is on track to end Fiscal Year 2015 with a $161.7-million deficit. -- read more COMPTROLLER LEMBO LAUNCHES "OpenCheckbook" WITH REAL-TIME STATE PAYMENT INFORMATION Budget | April 30, 2015 Comptroller Kevin Lembo today launched "OpenCheckbook," a feature that allows the public to search real-time information about who received payments from the State of Connecticut for goods or services and how much they received. -- read more COMPTROLLER LEMBO APPLAUDS UNANIMOUS FINANCE COMMITTEE VOTE THAT ADVANCES PROPOSAL TO STABILIZE STATE BUDGETS THROUGH BUDGET RESERVE FUND Budget | April 29, 2015 Comptroller Kevin Lembo announced legislation today that will establish greater transparency surrounding the hundreds of millions in dollars invested every year in economic assistance programs. -- read more
COMPTROLLER LEMBO SAYS STATE DEFICIT CLOSE TO MITIGATION; RECOMMENDS
COLLABORATIVE DEFICIT REDUCTION PLANNING
CRSB RECEIVES $250,000 TO HELP FUND STUDY ON FEASIBILITY OF
PUBLIC RETIREMENT PLAN FOR PRIVATE-SECTOR EMPLOYEES
COMPTROLLER LEMBO TESTIFIES IN SUPPORT OF INCREASING RAINY DAY FUND CAP
COMPTROLLER LEMBO TESTIFIES ON AID IN DYING FOR TERMINALLY ILL PATIENTS
COMPTROLLER LEMBO ANNOUNCES PRELIMINARY AGREEMENT WITH ANTHEM AND
UNITEDHEALTH TO ADMINISTER STATE HEALTH PLAN
COMPTROLLER LEMBO TESTIFIES ON HEALTH CARE COST TRANSPARENCY AND FACILITY FEES
CRSB SELECTS VENDORS FOR STUDY OF FEASIBILITY OF
COMPTROLLER LEMBO MEETS WITH ANTHEM OFFICIALS; CALLS FOR RAPID RESPONSE TO
PROTECT CONSUMERS, INCLUDING STATE EMPLOYEES AND RETIREES
COMPTROLLER LEMBO PROJECTS $89.4-MILLION DEFICIT FOR FISCAL YEAR 2015 AFTER LATEST REDUCTIONS
COMPTROLLER LEMBO'S STATEMENT ON PRESIDENTIAL SUPPORT FOR BROADBAND INITIATIVES LIKE CONNECTICUT'S
COMPTROLLER LEMBO ISSUES POLICY BRIEF: STABILIZE BUDGETS, MANAGE REVENUE
VOLATILITY, REDUCE LIABILITIES AND PUT DOWNWARD PRESSURE ON SPENDING
COMPTROLLER LEMBO ANNOUNCES PROPOSAL TO STABILIZE FUTURE BUDGETS
COMPTROLLER LEMBO PROJECTS $31.6-MILLION DEFICIT FOR FISCAL YEAR 15
LEMBO TESTIFIES AT BI-PARTISAN ROUNDTABLE ON HEALTH-CARE PROVIDER
CONSOLIDATIONS, FACILITY FEES AND EMERGENCY ROOM CHARGES
COMPTROLLER LEMBO,
, CONSUMER COUNSEL KATZ AND SEN. BYE REMIND MUNICIPALITIES:
FRIDAY DEADLINE TO JOIN GIGABIT ECONOMIC DEVELOPMENT MOVEMENT
COMPTROLLER LEMBO
PROJECTS $44.8-MILLION DEFICIT FOR FISCAL YEAR 15
Comptroller Kevin Lembo today announced that - following the latest consensus
revenue forecast by the Office of Policy and Management (OPM) and Office of
Fiscal Analysis (OFA) - the state is currently on track to end the fiscal year
with a $44.8-million deficit.-- read more
COMPTROLLER LEMBO ANNOUNCES PUBLIC HEARING, ONGOING INVESTIGATION INTO HEALTH CARE "FACILITY FEES"
COMPTROLLER LEMBO ISSUES CALL TO ACTION BY ALL TOWNS AND CITIES TO JOIN GIGABIT MOVEMENT
COMPTROLLER LEMBO ANNOUNCES RFP FOR NEW MEDICAL BENEFITS CONTRACT
COMPTROLLER LEMBO PROJECTS $300,000 SURPLUS FOR FY 15
COMPTROLLER LEMBO: “START SMALL, SAVE BIG” DURING NATIONAL SAVE FOR RETIREMENT
WEEK | |||
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MAYORS SEEK PARTNERS TO DEVELOP
GIGABIT INTERNET NETWORK IN CONNECTICUT; INVITE OTHERS TO JOIN THE EFFORT | September 15, 2014 -- Hartford, CT – New Haven Mayor Toni N. Harp, West Hartford Deputy Mayor Shari Cantor, Stamford Mayor David R. Martin and state Senator Beth Bye (D-West Hartford), state Comptroller Kevin Lembo and Consumer Counsel Elin Swanson Katz today issued a global call for companies and organizations to develop ultra-high-speed gigabit or “gig” Internet networks in the three cities. -- read more | |||
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COMPTROLLER LEMBO REPORTS
$300,000 SURPLUS FOR FISCAL YEAR 2015 Budget | September 2, 2014 Comptroller Kevin Lembo today, in his first projection for the new fiscal year, said the state is on track to end Fiscal Year 2015 with a $300,000 surplus... -- read more COMPTROLLER LEMBO REPORTS $121.3 MILLION SURPLUS FOR FISCAL YEAR 2014 Budget | August 1, 2014 Comptroller Kevin Lembo today reported a Fiscal Year surplus of $121.3 Million... -- read more COMPTROLLER LEMBO PROJECTS $33.2 MILLION SURPLUS FOR FISCAL YEAR 2014 Budget | July 1, 2014 Comptroller Kevin Lembo today announced that the state is currently on track to end Fiscal Year 2014 with a $33.2-million surplus. -- read more COMPTROLLER LEMBO PROJECTS $43.0 MILLION SURPLUS FOR FISCAL YEAR 2014 Budget | June 2, 2014 Comptroller Kevin Lembo today announced that the state is currently on track to end Fiscal Year 2014 with a $43.4-million surplus, as reported last month. -- read more COMPTROLLER LEMBO LAUNCHES "OPEN CONNECTICUT 2.0" WITH REAL-TIME STATE SPENDING AND REVENUE Budget | May 13, 2014 Comptroller Kevin Lembo today launched "Open Connecticut 2.0" – a significant update to the online hub of state financial information that he first launched early last year in an ongoing effort to simplify and centralize public access to important information about state revenue and spending.... -- read more COMPTROLLER LEMBO PROJECTS $43.4 MILLION SURPLUS FOR FISCAL YEAR 2014 Budget | May 1, 2014 Comptroller Kevin Lembo today announced that the state is currently on track to end Fiscal Year 2014 with a $43.4 million surplus ... -- read more COMPTROLLER LEMBO PROJECTS $504.9 MILLION SURPLUS FOR FISCAL YEAR 2014 Budget | April 1, 2014 Comptroller Kevin Lembo today announced that the state is currently on track to end Fiscal Year 2014 with a $504.9-million surplus – a number that could grow following this month’s revenue collection, barring any last-quarter spending increases. -- read more COMPTROLLER LEMBO ANNOUNCES 13-PERCENT SAVINGS WITH NEW PRELIMINARY CIGNA AGREEMENT Budget | March 26, 2014 Comptroller Kevin Lembo today announced that the state has concluded its competitive bidding process and selected a new dental carrier – Cigna – to solely administer the state employee and retiree plan at drastically reduced annual costs over the previous dental contract. -- read more COMPTROLLER LEMBO PROJECTS $504.4 MILLION SURPLUS FOR FISCAL YEAR 2014 Budget | March 3, 2014 Comptroller Kevin Lembo today announced that the state is currently on track to end Fiscal Year 2014 with a 504.4 Million Surplus. -- read more COMPTROLLER LEMBO PROJECTS GROWING SURPLUS OF $506.1 MILLION FOR FISCAL YEAR 2014 Budget | February 3, 2014 Comptroller Kevin Lembo today announced that the state's outlook for Fiscal Year 2014 continues to grow positive with a current projected surplus of $506.1 million – an increase of $232.9 million over last month. -- read more COMPTROLLER LEMBO'S STATEMENT ON GOVERNOR MALLOY'S BUDGET ANNOUNCEMENT Budget | January 30, 2014 "This proposal recognizes two of Connecticut’s top financial needs – retiring a piece of our long-term debt and replenishing our Rainy Day Fund. -- read more COMPTROLLER LEMBO SAYS STATE BUDGET OUTLOOK CONTINUES TO SLOWLY IMPROVE Budget | January 2, 2014 Comptroller Kevin Lembo today announced that the state's General Fund is currently on track to end Fiscal Year 2014 with a surplus of $273.3 million – another month of improvement for the state's short-term outlook, despite a more cautious long-term view. -- read more GOV. MALLOY ISSUES EXECUTIVE ORDER TO INCREASE TRANSPARENCY ON ECONOMIC DEVELOPMENT INCENTIVES Transparency | December 3, 2013 (HARTFORD, CT) – Governor Dannel P. Malloy, joined by State Comptroller Kevin Lembo and Department of Economic and Community Development (DECD) Commissioner Catherine Smith, today signed Executive Order (EO) No. 38 to make information regarding certain economic assistance and tax credits used to recruit or retain businesses more accessible to Connecticut residents. -- read more COMPTROLLER LEMBO EXPANDS “OPEN CONNECTICUT” TO INCLUDE QUASI-PUBLIC AGENCIES AND FEDERAL PROGRAMS Transparency | December 11, 2013 Comptroller Kevin Lembo today announced that he has expanded “Open Connecticut” to include financial information on Connecticut’s quasi-public agencies and federal dollars. 
-- read more GOV. MALLOY ISSUES EXECUTIVE ORDER TO INCREASE TRANSPARENCY ON ECONOMIC DEVELOPMENT INCENTIVES Transparency | December 3, 2013 (HARTFORD, CT) – Governor Dannel P. Malloy, joined by State Comptroller Kevin Lembo and Department of Economic and Community Development (DECD) Commissioner Catherine Smith, today signed Executive Order (EO) No. 38 to make information regarding certain economic assistance and tax credits used to recruit or retain businesses more accessible to Connecticut residents. -- read more COMPTROLLER LEMBO SAYS FINANCIAL OUTLOOK CONTINUES TO IMPROVE, BUT URGES CAUTION State Finances | December 2, 2013 Comptroller Kevin Lembo today announced that - due to increasing state revenue flow and a tax amnesty program -- the state's financial outlook has continued to improve, positioning the state to end Fiscal Year 2014 with a surplus of $245.9 million. -- read more COMPTROLLER LEMBO: ANNOUNCES IMPROVED OUTLOOK WITH PROJECTED $11.2-MILLION SURPLUS State Finances | November 1, 2013 Comptroller Kevin Lembo today announced that the state is currently on track to end Fiscal Year 2014 with a surplus of $11.2 million based on Generally Accepted Accounting Principles (GAAP). -- read more COMPTROLLER LEMBO: "START SMALL, SAVE BIG" DURING NATIONAL SAVE FOR RETIREMENT WEEK Plan Your Escape | October 21, 2013 Comptroller Kevin Lembo today announced that he is joining a coalition of employers across the country to recognize National Save for Retirement Week and raise awareness about the critical need for individuals to save for their financial future. -- read more COMPTROLLER LEMBO SAYS FISCAL YEAR 2014 ON PATH TO $4.4-MILLION SURPLUS; HIGHLIGHTS AREAS WORTH WATCHING State Finances | October 1, 2013 Comptroller Kevin Lembo today announced that, while the fiscal year is still young, the state is currently on track for a $4.4 million surplus on the basis of Generally Accepted Accounting Principles (GAAP). -- read more COMPTROLLER LEMBO ANNOUNCES PHARMACY PLAN FOR MUNICIPALITIES State Health Benefits | September 30, 2013 Comptroller Kevin Lembo announced today a new opportunity for municipalities to join the state's pharmacy plan - the CT Partnership Pharmacy Plan - and achieve significant savings, even if they have opted not to join the state's full medical plan. -- read more FISCAL YEAR IN REVIEW State Finances | September 25, 2013 
Comptroller Kevin Lembo held his annual presentation of the State's year-end finances. Comptroller Kevin Lembo today announced that the
state’s financial status has continued to improve and that Fiscal Year 2013 will end with a surplus of approximately
$398.79 million. Comptroller Kevin Lembo today announced that the
state’s financial status has continued to improve and that, pending final
calculations, Fiscal Year 2013 will likely end with a surplus of approximately
$312.1 million, based on Generally Accepted Accounting Principles (GAAP). Comptroller Kevin Lembo and Department of Administrative Services
(DAS) Commissioner Donald J. DeFronzo today announced that ePay – a joint
project that transitions nearly all state employees to paperless digital pay
statements – is complete. |
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