On May 7, 2024, the General Assembly passed H.B. 5523, a budget stabilization bill that appropriates funds for fiscal year 2025 and makes a number of different policy changes to K-12 education and other areas. Along with maintaining the $150 million in additional funding for K-12 education in FY 2025 that was allotted as part of the state budget passed last year, the bill overhauls how Connecticut distributes state education funding to school districts.
The State of Connecticut has several budget controls, commonly referred to as “fiscal guardrails,” which it has committed to bondholders to maintain through at least fiscal year 2028. These budget controls include the bond cap, revenue cap, spending cap, and volatility cap.
On May 7, 2024, the General Assembly passed H.B. 5523, a budget stabilization bill that appropriates funds for fiscal year 2025 and makes a number of different policy changes to K-12 education and other areas. Along with maintaining the $150 million in additional funding for K-12 education in FY 2025 that was allotted as part of the state budget passed last year, the bill overhauls how Connecticut distributes state education funding to school districts.
On February 7, 2024, Governor Ned Lamont released his recommended budget adjustments for fiscal year 2025 — the second year of the state's biennial budget. The governor's proposal would alter the current state budget and make a number of changes to policies and funding for K-12 education — including reducing funding appropriated for public schools by $62.9 million.
On June 6, 2023, the Connecticut General Assembly passed a new state budget for fiscal years 2024 and 2025 that increases funding for K-12 education to historic levels. This nonpartisan, independent analysis summarizes policy and funding changes related to K-12 education that are included in the budget.
This interactive graphic explores the process a bill before the Connecticut General Assembly must go through to become law if it has an associated cost to the State. This cost is known as a "fiscal note" and can create some additional steps for bills to take before they ultimately pass the legislature.