CT SB01059

Reduces regional services grant payments by $750,000 and transfers the amount from the Municipal Revenue Sharing Fund to the General Fund for fiscal year 2017.

Prohibits carryforward of funds from fiscal year 2017 into fiscal year 2018 unless approved by the Secretary of the Office of Policy and Management.

Authorizes transfers from the Tobacco Settlement Fund to the General Fund, including $4 million plus an identified amount, with any remainder redirected to the General Fund instead of the Tobacco and Health Trust Fund.

Permits the Secretary of the Office of Policy and Management to approve up to $15.1 million in total transfers from various state accounts and funds to the General Fund by June 30, 2017, including amounts from the Probate Court Administration Fund ($3.4 million), Banking Fund ($4 million), and numerous smaller special accounts.

Modifies the amortization schedule for the state's accumulated General Fund deficit, requiring the Secretary to annually publish a recommended schedule to fully eliminate the negative balance by June 30, 2028, instead of equal annual increments.