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CT SB00026
Bill
Status
2/9/2012
Primary Sponsor
Donald Williams
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AI Summary
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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.
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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.
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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.
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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.
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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