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.
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 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.
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.
On May 10, 2023, the Connecticut General Assembly’s Senate Republican Caucus put forward its biennial state budget proposal for fiscal years 2024 and 2025. This analysis details the changes to state K-12 education funding contained in the Senate Republicans' proposal and how they impact students and school across Connecticut.