Surprise Surplus Is Good News, Though a Large liability Looms

Scarchilli, Michael
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p8
Trade Publication
The article looks at the surplus of Connecticut for 2006 which is expected to reach %511 million. Moody's Investors Service analyst Nicole Johnson claims that the surplus could be used by the state in the 2007 supplemental budget. However, Standard and Poor's analyst Karl Jacob is expecting the state would register a liability despite its surplus. In fact, Connecticut has hired a third party to evaluate the size of its unfunded liability for other post-employment benefits.


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