HB 5588 Summary

• Adjusts the state budget for fiscal year 2018-2019 across General Fund, Special Transportation Fund, Mashantucket Pequot and Mohegan Fund, Banking Fund, Insurance Fund, Consumer Counsel and Public Utility Control Fund, and Workers' Compensation Fund with various appropriation increases and decreases.

• Reduces labor-management expenditures by $700,000,000 for fiscal year ending June 30, 2018 only (removes $867,600,000 reduction for 2019 that was in prior legislation).

• Modifies budget reduction targets for executive, legislative, and judicial branches for fiscal year 2019, including reducing the executive branch target from $45,000,000 to $9,515,570 and judicial branch target from $8,000,000 to $5,000,000.

• Removes targeted savings and state-wide hiring reduction requirements for fiscal year 2019 that were in the original budget legislation.

• Includes various supplemental appropriations and transfers including funding for autism services, Hurricane Maria relief housing assistance ($400,000), and teacher education programs, plus modifications to health insurance subsidy payment timing for retired teachers.