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CT HB06752
Bill
Status
1/28/2025
Primary Sponsor
Jillian Gilchrest
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AI Summary
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Amends the definition of "increase in inflation" under section 2-33a to specify that consumer price index adjustments use all items, not seasonally adjusted
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Excludes payments toward unfunded liability for state employees and teachers' retirement systems from "general budget expenditures" when such payments result from actuarial gains, losses, or changes in actuarial assumptions
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Changes the methodology for calculating annual adjustments to the revenue transfer threshold under section 4-30a to use an inflation-adjusted ten-year moving average
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Links General Fund and Special Transportation Fund appropriation limitations to the balances of the Budget Reserve Fund and Special Transportation Fund, respectively
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Requires the state bonding process to incorporate economic impact analyses prepared by the Treasurer for both proposed and actual bond expenditures
Legislative Description
An Act Adjusting The Fiscal Guardrails.
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding
1/28/2025