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.
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.
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.
On February 5, 2025, Governor Ned Lamont released his recommended biennial state budget for fiscal years 2026 and 2027. This nonpartisan analysis details the changes to state education funding in the governor’s proposed budget, and provides a brief overview of the general fiscal outlook of the state budget and economy.
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.