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CT HB06752

Bill

Status

Introduced

1/28/2025

Primary Sponsor

Jillian Gilchrest

Click for details

Origin

House of Representatives

2025 General Assembly

AI Summary

  • Amends the definition of "increase in inflation" under section 2-33a to specify that consumer price index adjustments use all items, not seasonally adjusted

  • 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

  • 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

  • Links General Fund and Special Transportation Fund appropriation limitations to the balances of the Budget Reserve Fund and Special Transportation Fund, respectively

  • 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

Committee Referrals

Finance, Revenue and Bonding1/28/2025

Full Bill Text

No bill text available