Resources

On Wednesday, February 8, 2023, Governor Ned Lamont released his budget proposal for fiscal years 2024 and 2025 to the Connecticut General Assembly. This resource contains documents related to these proposed adjustments.

This document from the Connecticut General Assembly's Office of Fiscal Analysis provides an overview of Connecticut's Budget Reserve Fund (commonly referred to as the "Rainy Day Fund"), including information about the Fund's balance, how money flows into the Fund, and how and when money in the Fund may be used.

This research report from the Connecticut General Assembly's nonpartisan Office of Legislative Research summarizes the State of Connecticut's fiscal "caps" as well as bonding restrictions and controls. Including in this report are summaries of the state's: spending cap, revenue cap, volatility cap, debt limit, bond allocation cap, bond issuance cap, bond allotment cap, and bond lock.

This research report from the Connecticut General Assembly's nonpartisan Office of Legislative Research summarizes the State of Connecticut's spending cap, which limits the annual growth in state spending by restricting the legislature’s authority to make appropriations.

Presentation and flowchart from the Connecticut General Assembly's Office of Fiscal Analysis explaining how Connecticut's state budget process and cycle works.