Monthly State Budget Forecasts (Office of Policy and Management)

On or before the 20th day of each month, Connecticut's Office of Policy and Management, in compliance with section 4-66 of the state's General Statutes, provides the state comptroller with a forecast of revenues and expenditures for the state's General Fund.

The analysis includes a statement of estimated revenues and expenditures for the completed current fiscal year, based on the actual revenues and expenditures recognized for the fiscal-year-to-date, as of the end of the previous month, adjusted for any anticipated events or actions which were unforeseen at the time the budget was adopted.

Monthly analyses may include:

• A comparison of the most-currently-revised estimates to the budget enacted and/or revised by the legislature;
• Estimated revenues detailed by source;
• Net changes in anticipated expenditures relative to previous estimates;
• An estimate of lapses (previously anticipated expenditures which currently are not expected to occur);
• A summary of the impact of all of the revised estimates and determination of the resulting surplus/deficit from operations expected at the end of the fiscal year; and/or
• A general discussion of the changes, their impacts, and any other relevant issues.