Bill > SB00310

This bill proposes to modify Connecticut's state spending cap by changing how the state calculates its expenditure limits. Specifically, the bill would eliminate inflation as a factor in determining budget increases and instead tie spending growth solely to increases in personal income. The modification would apply to both on-budget and off-budget state spending, which means the new calculation would cover a broader range of state expenditures than the previous method. By removing inflation as a growth factor, the bill aims to create a more restrictive approach to state spending, ensuring that increases in state expenditures are directly linked to the economic growth experienced by the state's residents, as measured by personal income. This approach is intended to provide greater fiscal discipline and control over state spending by creating a more direct and potentially more conservative mechanism for determining budget growth limits.

Budget and Finance, Government Affairs

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00310&which_year=2025