CT HB07267

Requires joint legislative committees on appropriations and finance to meet with the Secretary of the Office of Policy and Management and the Office of Fiscal Analysis director by December 15th annually to review fiscal accountability reports

Mandates annual submission by November 20th of consensus revenue estimates, expenditure projections, tax credit forecasts, and Budget Reserve Fund balance projections covering the current biennium plus three additional fiscal years

Adds new requirement for estimates of "material and likely changes to nonfixed costs" in the annual fiscal report, expanding beyond the previous focus on fixed cost drivers only

Replaces the previous requirement to analyze surplus fund uses with a new requirement to analyze the state's preparedness for recession scenarios, including estimates of potential multiyear budget deficits and assessment of Budget Reserve Fund sufficiency

Defines "fixed cost drivers" to include debt service, pension contributions, retiree health care, entitlement programs, and federal mandates