HB 5557 Summary

• Adjusts state budget appropriations across multiple agencies and funds for fiscal year 2012-2013, including the General Fund, Special Transportation Fund, and several dedicated funds with overall appropriations totaling approximately $19.3 billion for the General Fund.

• Reduces appropriations for Legislative Management personal services by $3.5 million and other expenses by $2.8 million, while making similar cuts across executive agencies including the Department of Transportation, Department of Motor Vehicles, and various health and social service departments.

• Increases funding for certain priorities including education readiness programs (school readiness grants increased by $5.8 million), criminal justice initiatives, and health programs while reducing funding for programs like rail operations, bus services, and Medicaid home care services.

• Establishes that manufacturing transition grants to municipalities are based on 2011 payments-in-lieu-of-taxes amounts, with specific grant allocations detailed for all Connecticut municipalities and fire districts; includes supplemental payments to towns of Ledyard and Montville.

• Authorizes transfer of up to $15 million from the Budget Reserve Fund to the General Fund for fiscal 2013 and modifies the annual transfer to the Special Transportation Fund from approximately $172.8 million to $102.7 million.