As part of the biennial budget for fiscal years 2018-19, the Connecticut General Assembly passed two fiscal accountability measures, known as the spending cap and the volatility cap. During the 2023 legislative session, the legislature renewed and made several changes to these caps.
This resource includes policy briefings on the spending and volatility caps enacted in FY 2018 as well as what changes were made to the caps in 2023.
Citation for Policy Briefing on Changes Passed in 2023 to Caps
School and State Finance Project. (2023). Changes Passed in 2023 to Connecticut's Spending & Volatility Caps. Hamden, CT: Author. Retrieved from https://schoolstatefinance.org/resource-assets/Changes-Passed-in-2023-to-Connecticut-Spending-and-Volatility-Caps.pdf.
Citation for 2018 Policy Briefing on Spending & Volatility Caps
Connecticut School Finance Project. (2018). Connecticut's Spending & Volatility Caps. New Haven, CT: Author. Retrieved from https://schoolstatefinance.org/resource-assets/CTs-Spending-Volatility-Caps.pdf.