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CT SB00026

Bill

Status

Introduced

2/9/2012

Primary Sponsor

Donald Williams

Click for details

Origin

Senate

2012 General Assembly

AI Summary

  • Moves the deadline for issuing consensus revenue estimates from October 15 to November 10 annually, with a fallback deadline of November 20 if the Secretary of the Office of Policy and Management and director of the Legislative Office of Fiscal Analysis cannot agree.

  • Maintains existing January 15 and April 30 deadlines for revisions to consensus revenue estimates, with the Comptroller issuing a revised estimate within 5 days if the two offices cannot reach agreement.

  • Requires joint standing committees on appropriations, finance, revenue and bonding to prepare adjusted appropriation and revenue plans within 10 business days if an April revenue estimate shows a deficit increase greater than 1 percent of General Fund appropriations.

  • Requires the Governor to submit a budget document within 25 calendar days of a January revenue estimate revision or within 10 calendar days of an April revision if necessary to address the estimate.

  • Adds provision extending any deadline that falls on a Saturday, Sunday, or legal holiday to the next business day.

Legislative Description

An Act Concerning Deadlines For Consensus Revenue Estimates.

Last Action

File Number 516

4/18/2012

Committee Referrals

Finance, Revenue and Bonding2/9/2012

Full Bill Text

No bill text available