GOVERNOR LAMONT AND SECRETARY BECKHAM STATEMENTS ON NOVEMBER 2023 CONSENSUS REVENUE FORECAST
Governor Ned Lamont and Office of Policy and Management Secretary Jeffrey Beckham have issued statements in response to the November 2023 consensus revenue forecast jointly released by the Office of Policy and Management and the Office of Fiscal Analysis. Governor Lamont highlighted the positive impact of the state's policies, emphasizing Connecticut's ability to reduce legacy debt and implement the largest income tax cut in state history. He underscored the significance of revenue and volatility caps, providing the state with a safeguard against economic downturns. Secretary Beckham acknowledged a softening in revenue projections but emphasized the overall positive fiscal position. He stressed the importance of adhering to the constitutional spending cap during budget adjustments for fiscal year 2025 and advocated avoiding…









