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.
At, or near, the beginning of each month, the state comptroller provides a budget update to the governor. The budget update provides financial statements for the General Fund and the Special Transportation Fund, and includes the comptroller's projection for any budget deficits or surpluses.
Since 1984, the Connecticut State Teachers' Retirement System (TRS), at least once every two years, has undergone a review by actuaries who make valuations of the assets and liabilities of the System. The actuarial valuation report, which is submitted to the Teachers' Retirement Board, provides a summary of the funded status of the System and recommends annual rates for contributions made to the System by the State of Connecticut.
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.
Since 1970, the Connecticut State Employees Retirement System (SERS), almost annually, has undergone a review by actuaries who make valuations of the "contingent assets and liabilities" of the System. The actuarial valuation report, which is submitted to the State Employees Retirement Commission, provides a summary of the funded status of the System and recommends annual rates for contributions made to the System by the State of Connecticut.
On or before the 20th day of each month, Connecticut's Office of Policy and Management, in compliance with section 4-66 of the state's General Statutes, provides the state comptroller with a forecast of revenues and expenditures for the state's General Fund.