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CT Paid Leave Authority: September budget shows operating shortfall, rising benefit payouts
Summary
Staff reported a $976,000 operating deficit for September with a $334,000 favorable variance overall driven by timing on software licenses and payroll; contribution activity was negative for the month and benefits paid totaled about $38.5 million.
Dave, the authority’s budget lead, reported early fiscal year 2026 activity through September and described timing differences and payment trends affecting both the operating and contribution accounts.
"For the results of September for our operating accounts, we had over a negative $976,000, which resulted in a positive variance of $334,000," Dave said, attributing the favorable variance mainly to timing…
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