Rell: Budget surplus means CT will borrow less

The fiscal year that ended on June 30 left Connecticut with a nearly $450 million surplus.Gov. Jodi Rell says the money will be used to

HARTFORD - The fiscal year that ended on June 30 left Connecticut with a nearly $450 million surplus.

Gov. Jodi Rell says the money will be used to reduce state borrowing by about half as much as originally planned. The state will now borrow about $650 million this year.

The decrease means a savings of millions of dollars in interest.

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