CT HB05073

Amends section 2-33a of the general statutes to redefine "increase in inflation" as the increase in the consumer price index for urban consumers during the preceding 24-month period ending December 31st of the calendar year before the fiscal year in question, using U.S. Bureau of Labor Statistics data.

Redefines "general budget expenditures" as expenditures from appropriated funds authorized by public or special act of the General Assembly.

Excludes from general budget expenditures any payments for principal and interest on bonds, notes, or other evidences of indebtedness.

Excludes from general budget expenditures any expenditures pursuant to section 4-30a of the general statutes.

Requires approval by three-fifths of the members of each house of the General Assembly to amend the constitutional spending cap provisions.