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 resource features data from the Connecticut State Department of Education detailing per-student spending from 2007-24 for each Connecticut local public school district. The data includes net current expenditures (NCE) per pupil (NCEP) and special education Excess Cost grant basic contributions for the May payment.
Municipal Fiscal Indicators contains the most current financial data available for each of Connecticut's 169 municipalities. This database of information includes selected demographic and economic data relating to, or having an impact upon, a municipality’s financial condition. The most recent edition is for the Fiscal Years Ended 2018-2022.
Periodically since 2008, an actuarial valuation and review has been conducted concerning the State of Connecticut's Other Post-employment Benefits (OPEB) program. Other Post-employment Benefits are benefits (other than pensions) that the State of Connecticut provides to state employees once they retire. These benefits include medical, dental, and life insurance as well as prescription drug coverage.
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.