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Bill > HB05187

CT HB05187

CT HB05187
An Act Adjusting The Fiscal Guardrails.

summary

Introduced
02/11/2026
In Committee
02/11/2026
Crossed Over
Passed
Dead

Introduced Session

2026 General Assembly

Bill Summary

To adjust the methodology used to calculate the threshold amounts for volatility funds transfers and increase the maximum capacity of the Budget Reserve Fund.

AI Summary

This bill adjusts how the state calculates the thresholds for transferring money into "volatility funds," which are designed to help manage unexpected fluctuations in state revenue, by using an inflation-adjusted five-year moving average of the revenue being transferred instead of the current method. Additionally, it increases the maximum amount that can be held in the "Budget Reserve Fund," a savings account for the state's general operating budget, from its current limit to twenty percent of net General Fund appropriations, which represents the total amount of money allocated for state government operations.

Committee Categories

Budget and Finance

Sponsors (35)

Patrick Biggins (D)*,  Kevin Brown (D)*,  Marcus Brown (D)*,  Brandon Chafee (D)*,  Mike Demicco (D)*,  Jason Doucette (D)*,  Josh Elliott (D)*,  Kate Farrar (D)*,  Mary Fortier (D)*,  Nicholas Gauthier (D)*,  Jillian Gilchrest (D)*,  Bob Godfrey (D)*,  Ken Gucker (D)*,  William Heffernan (D)*,  Susan Johnson (D)*,  Eleni Kavros DeGraw (D)*,  Sarah Keitt (D)*,  Maryam Khan (D)*,  Roland Lemar (D)*,  Geoff Luxenberg (D)*,  Rebecca Martinez (D)*,  Treneé McGee (D)*,  Nicholas Menapace (D)*,  Amy Morrin Bello (D)*,  Anthony Nolan (D)*,  Corey Paris (D)*,  Kara Rochelle (D)*,  Kaitlyn Shake (D)*,  Michael Shannon (D)*,  Travis Simms (D)*,  Derek Slap (D)*,  Laurie Sweet (D)*,  Gary Turco (D)*,  Steven Winter (D)*,  Gary Winfield (D), 

Last Action

Finance, Revenue and Bonding Public Hearing (00:00:00 2/27/2026 ) (on 02/27/2026)

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