Connecticut HB5187: AN ACT ADJUSTING THE FISCAL GUARDRAILS.

What the bill says

An act ADJUSTING THE FISCAL GUARDRAILS. Assembly convened: That the general statutes be amended to (1) adjust the methodology used to calculate the annual adjustment to the threshold amount of the revenue transfer under section 4-30a of the general statutes, to use an LCO No. 947 1 of Proposed Bill No. 5187 inflation-adjusted five-year moving average of the revenue being transferred, and (2) increase the maximum capacity of the Budget Reserve Fund to twenty per cent of net General Fund appropriations. Statement of Purpose: To adjust the methodology used to calculate the threshold amounts for v.

From the introduced text:

AN ACT ADJUSTING THE FISCAL GUARDRAILS. Assembly convened: That the general statutes be amended to (1) adjust the methodology used to calculate the annual adjustment to the threshold amount of the revenue transfer under section 4-30a of the general statutes, to use an LCO No. 947 1 of Proposed Bill No. 5187 inflation-adjusted five-year moving average of the revenue being transferred, and (2) increase the maximum capacity of the Budget Reserve Fund to twenty per cent of net General Fund appropriations. Statement of Purpose: To adjust the methodology used to calculate the threshold amounts for volatility funds transfers and increase the maximum capacity of the Budget Reserve Fund. LCO No. 947 2 of

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Sponsors

• Jason Doucette (D, 13) · primary sponsor
• Patrick Biggins (D, 11)
• Kevin Brown (D, 56)
• Marcus Brown (D, 127)
• Brandon Chafee (D, 33)
• Mike Demicco (D, 21)
• (D, 88)