Each November, in accordance with state statute, the Connecticut General Assembly's Office of Fiscal Analysis produces a Fiscal Accountability Report. According to statute, the report must explain: (1) the level of spending changes from current year spending allowed by consensus revenue estimates, (2) any changes to current year spending necessary because of “fixed cost drivers,” and (3) the total change to current year spending required to accommodate fixed cost drivers without exceeding current revenue estimates.
This infographic from the Connecticut General Assembly's Office of Fiscal Analysis illustrates the workings of the Education Cost Sharing (ECS) formula. The ECS formula is the method the state legislature has established to distribute approximately $2.36 billion in state education funding to local and regional public school districts.
Monthly reports from the Connecticut General Assembly's Office of Fiscal Analysis detailing its most recent estimated General Fund budget projections.
In accordance with state statute, every other year, the Connecticut General Assembly's Office of Fiscal Analysis produces a report on the state's tax expenditures, which are defined as exemptions, exclusions, deductions, or credits that result in less tax revenue to the State or municipalities than they would otherwise receive.
Fact sheets from the Connecticut General Assembly's Office of Fiscal Analysis that provide data about the State Employees Retirement System (SERS), including information about the System's 1) membership, 2) employee defined benefit contributions, 3) state contributions, and 4) actuarial value of assets and liabilities.
Fact sheets from the Connecticut General Assembly's Office of Fiscal Analysis that provide data about the Teachers' Retirement System (TRS), including information about the System's 1) membership, 2) state contributions, and 3) actuarial value of assets and liabilities.