Bill > HB05247

This bill proposes to automatically adjust state funding for nonprofit organizations by linking annual appropriations to changes in the consumer price index (CPI), which is a standard economic measure of inflation. Specifically, the bill would modify existing state statutes to ensure that funding for nonprofit organizations increases proportionally with the annual inflation rate. The consumer price index tracks the average change in prices paid by urban consumers for goods and services, which means nonprofit organizations would receive funding increases that help them keep pace with rising costs of operations, salaries, supplies, and other expenses. By tying funding to inflation, the bill aims to provide more stable and predictable financial support to nonprofit organizations, helping them maintain their service levels and operational capacity over time without requiring separate legislative action each year to approve incremental funding increases.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05247&which_year=2025