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Consensus Revenue Estimates, 2009-Present (Office of Policy and Management and Office of Fiscal Analysis)

Jan 16, 2024

Connecticut state statute directs the secretary of the Office of Policy and Management and the director of the General Assembly's Office of Fiscal Analysis to agree on and issue consensus revenue estimates each year by November 10, and to issue any necessary consensus revenue revisions of those estimates in January and April. The estimates must cover the current biennium and the three following years. The consensus revenue estimates and revised estimates must (1) serve as the basis for the governor's proposed budget and for the revenue statement included in the final budget act passed by the General Assembly to indicate the budget is balanced, and (2) be included in the annual fiscal accountability reports submitted to the General Assembly's fiscal committees each November.

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Issue Brief and Backgrounder: Connecticut's Volatility Cap (Office of Legislative Research)

Jan 12, 2024

Issue brief and backgrounder from the Connecticut General Assembly's nonpartisan Office of Legislative Research that explains the volatility cap, and the related bond covenant requirement, which was initially passed as part of Connecticut's biennial budget for fiscal years 2018-19.

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Monthly Budget Reports from the State Comptroller to the Governor (Office of the State Comptroller)

Jan 4, 2024

At, or near, the beginning of each month, the state comptroller provides a budget update to the governor. The budget update provides financial statements for the General Fund and the Special Transportation Fund, and includes the comptroller's projection for any budget deficits or surpluses.

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Annual Reports (Office of the State Comptroller)

Dec 29, 2023

Each year, as required by state statute, the State Comptroller releases a report detailing the balances for the State's various funds. This report also details realized revenue versus budgeted revenue for specific State funds.

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Fiscal Accountability Reports (Office of Policy and Management)

Nov 20, 2023

Each year, in accordance with state statute, Connecticut's Office of Policy and Management produces a Fiscal Accountability Report outlining "significant factors affecting Connecticut’s budgetary and economic outlook." The purpose of the annual report is to inform policymakers about 1) Connecticut's fiscal state and 2) the financial and economic challenges the state currently faces and/or will potentially encounter in the future.

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