Resource Library

Allocated Lapses and Municipal Aid Holdbacks for FY 2018


On Friday, November 17, Governor Dannel Malloy announced budgetary “holdbacks” — or cuts — that impact state education funding for school districts and towns across Connecticut. 

The holdbacks to state education funding, which are permanent cuts for fiscal year 2018 unless changed by the Connecticut General Assembly, are part of the more than $880 million in unspecified reductions the General Assembly mandated the governor achieve in fiscal year 2018 as part of the new biennial state budget.

While most of the mandated reductions came from labor savings achieved through the agreement reached with the State Employee Bargaining Agent Coalition (SEBAC) over the summer, the governor was still required to issue approximately $180 million in holdbacks for fiscal year 2018.

These holdbacks are detailed and described in the documents accessible via the buttons to the right.

Citations

State of Connecticut, Office of Policy and Management. (2017). Allocated Lapses FY 2018. Hartford, CT: Author. Retrieved from http://www.ct.gov/opm/lib/opm/budget/fy2018_holdbacks/holdback_list.pdf.

State of Connecticut, Office of Policy and Management. (2017). Holdback Methodology for FY 2018. Hartford, CT: Author. Retrieved from  http://www.ct.gov/opm/lib/opm/budget/fy2018_holdbacks/holdback_methodology_for_fy18.pdf.

State of Connecticut, Office of Policy and Management. (2017). FY 2018 Municipal Aid Holdbacks as a Percentage of Municipal Expenditures. Hartford, CT: Author. Retrieved from  http://www.ct.gov/opm/lib/opm/budget/fy2018_holdbacks/fy_2018_holdbacks_as_percentage_of_municipal_expenditures.pdf.

State of Connecticut, Office of Policy and Management. (2017). FY 2018 Municipal Aid Holdbacks. Hartford, CT: Author. Retrieved from http://www.ct.gov/opm/lib/opm/budget/fy2018_holdbacks/tbt_estimates_post_holdback.pdf.


Also tagged under: State Funding