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CT HB06734

Bill

Official Source

Status

Introduced

1/25/2017

Primary Sponsor

Brenda Kupchick

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Amends section 2-33a of the general statutes to define four 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 consumer price index change for urban consumers (excluding food and energy) on a December-to-December basis, using United States Bureau of Labor Statistics data
  • Limits general budget expenditures to increases no greater than the higher of personal income growth or inflation growth, and excludes debt service, federal funds, federal mandate costs in their first fiscal year, and certain other expenditures
  • Defines "federal mandates" as programs where the state must participate to receive federal reimbursement, excluding optional program components under federal law

Legislative Description

An Act Defining Terms Pertaining To The Constitutional Spending Cap.

Last Action

Public Hearing 04/03

3/27/2017

Committee Referrals

Appropriations1/25/2017

Full Bill Text

No bill text available