CT HB05219

Amends section 2-33a of the general statutes by three-fifths vote of both houses to define four terms related to the constitutional spending cap.

Defines "increase in personal income" as the compound annual growth rate of personal income over the preceding five calendar years, using U.S. Bureau of Economic Analysis data.

Defines "increase in inflation" as the consumer price index change for urban consumers (excluding food and energy) on a December-over-December basis, using U.S. Bureau of Labor Statistics data.

Defines "general budget expenditures" as appropriated funds from public or special acts, limited to annual growth at the greater of personal income increase or inflation increase, excluding debt payments, federal funds, and certain federal mandate costs.

Exempts expenditures for bond principal and interest, federal reimbursable programs, federal funds, and court-ordered or federally-mandated expenditures (in their first fiscal year) from the spending cap calculation.