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CT HB05810

Bill

Official Source

Status

Introduced

1/24/2011

Primary Sponsor

Michael McLachlan

Click for details

Origin

House of Representatives

2011 General Assembly

AI Summary

  • Amends section 2-33a of the general statutes to implement a constitutional spending cap limiting general budget expenditure increases to the greater of the percentage increase in personal income or inflation
  • Requires a three-fifths vote in both houses of the General Assembly to exceed the spending cap, unless the Governor declares an emergency or extraordinary circumstances
  • Defines "increase in personal income" as the five-year average annual increase in state personal income according to U.S. Bureau of Economic Analysis data
  • Defines "increase in inflation" as the consumer price index increase for urban consumers during the preceding 24 months ending December 31, according to U.S. Bureau of Labor Statistics data
  • Excludes from the spending cap debt service payments and expenditures pursuant to section 4-30a of the general statutes

Legislative Description

An Act Concerning Implementation Of The Constitutional Spending Cap.

Last Action

Public Hearing 04/05

3/18/2011

Committee Referrals

Appropriations1/24/2011

Full Bill Text

No bill text available