On June 3, 2025, the Connecticut General Assembly adopted a new biennial state budget for fiscal years 2026 and 2027. This nonpartisan analysis details changes to state education funding in the budget, and provides a brief overview of the general fiscal outlook of the state budget and economy.
This document provides an overview of the consensus revenue estimates released on April 30, 2025, and what they mean for the development of the biennial state budget for fiscal years 2026 and 2027. The April 30th consensus revenue estimates will serve as the foundation for the legislature’s revenue package in the final passed budget.
On April 22, 2025, the Connecticut General Assembly's Appropriations Committee introduced and passed its recommended state budget for fiscal years 2026 and 2027. This nonpartisan analysis details these changes to state education funding in the Appropriations Committee's budget, and provides a brief overview of the general fiscal outlook of the state budget and economy.
Connecticut cities and towns receiving Municipal Revenue Sharing grants are currently subject to a municipal spending cap, which limits how much they can increase their expenditures year-over-year. If a municipality exceeds the spending cap, it is subject to a reduction in its Municipal Revenue Sharing grant. This FAQ document discusses the municipal spending cap and its impact on Municipal Revenue Sharing grants.
Consensus revenue estimates play a key role in both the execution of the state’s budget as well as the state budget development process. This frequently asked questions document provides an overview of Connecticut’s consensus revenue estimates, when and how they are issued, their role in the state budget process, and possible expectations for the latest revised estimates scheduled to be released at the end of April 2025.
As the cost of educating students continues to increase, some states have modified their education funding formulas to adjust for inflation. This document provide an overview of the current inflationary increases in state school funding formulas, and what this means for Connecticut.