State surplus nears $500 million

The state's personal income tax is now estimated to generate more than $9 billion for the first time ever. (1/16/14)

HARTFORD - As Wall Street sets records, tax money is pushing the state's budget surplus toward $500 million.

The new numbers were released yesterday.

The state's personal income tax is now estimated to generate more than $9 billion for the first time ever.

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Surplus projections have risen steadily over the last year, as the economy has improved. 

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