Issue brief and backgrounder from the Connecticut General Assembly's nonpartisan Office of Legislative Research that explains the volatility cap, and the related bond covenant requirement, which was initially passed as part of Connecticut's biennial budget for fiscal years 2018-19.
Citation for Issue Brief
Pinho, R. (2018). Issue Brief: Connecticut's Volatility Cap (2018-R-0296). Hartford, CT: Connecticut General Assembly, Office of Legislative Research. Retrieved from https://www.cga.ct.gov/2018/rpt/pdf/2018-R-0296.pdf.
Citation for Backgrounder
Pinho, R. (2024). OLR Backgrounder: Connecticut's Volatility Cap and Budget Reserve Fund (2024-R-0019). Hartford, CT: Connecticut General Assembly, Office of Legislative Research. Retrieved from https://cga.ct.gov/2024/rpt/pdf/2024-R-0019.pdf.