CT HB06511

Amends section 2-33a of the general statutes to define key spending cap terms, requiring a three-fifths majority vote in each house of the General Assembly.

Defines "increase in personal income" as the compound annual growth rate of personal income over the preceding five calendar years, based on 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) during the preceding calendar year, calculated December over December, according to United States Bureau of Labor Statistics data.

Limits general budget expenditures growth to the greater of the percentage increase in personal income or inflation, and exempts debt service, federal funds, federal mandate implementations (first fiscal year only), and certain retirement contributions from the spending cap calculation.

Defines "federal mandates" as programs where the state must participate to receive federal reimbursement, with optional program components counted as general budget expenditures.