HARTFORD, Conn. – Just five days away from the end of the fiscal year, Connecticut is expected to end 2014 with a small $33.2 million surplus, according to the governor’s Office of Policy and Management.
In his monthly letter to state Comptroller Kevin Lembo, Budget Director Ben Barnes said the surplus number was reduced about $10 million from last month due to a drop in revenues.
Revenues were revised downward because the federal government did not reimburse the state for $65 million in services provided by the Departments of Mental Health and Addiction Services and Developmental Services.
“OPM and the agencies remain actively engaged with the federal government in resolving issues relating to claiming methodology and allowable costs,” Barnes wrote. “While we remain hopeful for resolution before the fiscal year ends, we have assumed for forecasting purposes that this revenue will be delayed until FY 2015 or, worst-case, not reimbursed by the federal government.”
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