CT HB05002

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 year prior to 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 the payment of principal and interest on bonds, notes, or other evidences of indebtedness.

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

Requires a three-fifths majority vote in each house of the General Assembly to pass the amendment.