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CT HB05401

Bill

Official Source

Status

Introduced

1/11/2017

Primary Sponsor

Gail Lavielle

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Amends section 2-33a of the general statutes to define key terms related to Connecticut's constitutional spending cap
  • Defines "increase in personal income" as the compound annual growth rate of personal income over the preceding five calendar years, using United States Bureau of Economic Analysis data
  • Defines "increase in inflation" as the change in the consumer price index for urban consumers (excluding food and energy) from December to December of the preceding calendar year, using United States Bureau of Labor Statistics data
  • Caps general budget expenditures so they cannot exceed the previous fiscal year by a percentage greater than either the personal income increase or inflation increase, whichever is larger
  • Excludes from the spending cap: debt service payments, federal funds, federal mandate expenditures in their first fiscal year, and certain retirement system contributions

Legislative Description

An Act Concerning Terms Pertaining To The Constitutional Spending Cap.

Last Action

Public Hearing 04/03

3/27/2017

Committee Referrals

Appropriations1/11/2017

Full Bill Text

No bill text available