Submitted by Office of State Sen. Norm Needleman
(January 11, 2026) — State Comptroller Sean Scanlon projects a surplus in the state’s General Fund of $136.3 million at the end of the 2026 fiscal year and a Special Transportation Fund surplus of $50.3 million. Scanlon says Connecticut is in a strong position to be protected from the impacts of recession and to lower costs for families and businesses in the state. He said the state is tracking higher education and high electricity costs and will monitor interest rates, consumer spending, the weakening job market and other impacts in 2026.
The 2025 Annual Treasurer’s Report is out, also with positive news for Connecticut residents. In 2025, Connecticut’s retirement plans and trust funds delivered a 10.14% investment return and saw the state invest nearly $1.5 billion to pay down debt, resulting in a $6 billion benefit overall. The state’s short-term investment fund delivered $865 million in net income, while the state successfully sold $3.9 billion in bonds including refinancing of high-interest-rate debt, which will save taxpayers $92 million in coming years. Connecticut also delivered a record $121 million in unclaimed property to 59,000 residents and saw its baby bonds program support 33,000 children with nearly $500 million in current investments. Learn more here.
