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.
Research report from the Connecticut General Assembly's nonpartisan Office of Legislative Research that provides an overview of Connecticut’s personal income tax, including the tax rates, exemptions, credit amounts, and thresholds in effect for the 2024 tax year.
This document from the Connecticut General Assembly's Office of Fiscal Analysis presents funding information about Connecticut's Alliance Districts, which are 36 of the state's lowest-performing districts.
This document from the General Assembly's Office of Fiscal Analysis provides a brief glance at the Education Cost Sharing (ECS) formula, particularly its funding and funding dedicated for Alliance Districts.
Following most legislative sessions, Connecticut's Department of Revenue Services releases a Special Notice detailing legislation that was passed that impacts the state's corporation business tax. These Special Notices summarize each relevant piece of legislation as well as provide the date for when each piece goes into effect.
Following most legislative sessions, Connecticut's Department of Revenue Services releases a Special Notice detailing legislation that was passed that impacts the state's personal income tax. These Special Notices summarize each relevant piece of legislation as well as provide the date for when each piece goes into effect.