Accurate projections of state revenues are a key element to developing Connecticut’s biennial budget. The State of Connecticut uses “consensus revenue estimates” in an attempt to increase the accuracy of projected state revenues and ensure agreement on projections between the budget offices for the governor and legislature.
Consensus revenue estimates, which are released several times per year, 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, and their role in the state budget process.
Citation
School and State Finance Project. (2026). FAQs: Consensus Revenue Estimates. Southington, CT: Author. Retrieved from https://files.schoolstatefinance.org/hubfs/Reports/Consensus%20Revenue%20FAQs.pdf.