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Monthly Budget Reports from the State Comptroller to the Governor (Office of the State Comptroller)

Dec 1, 2022

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.

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Monthly State Budget Forecasts (Office of Policy and Management)

Nov 18, 2022

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.

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Fiscal Accountability Reports (Office of Fiscal Analysis)

Nov 18, 2022

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.

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Fiscal Accountability Reports (Office of Policy and Management)

Nov 18, 2022

Each year, in accordance with state statute, Connecticut's Office of Policy and Management produces a Fiscal Accountability Report outlining "significant factors affecting Connecticut’s budgetary and economic outlook." The purpose of the annual report is to inform policymakers about 1) Connecticut's fiscal state and 2) the financial and economic challenges the state currently faces and/or will potentially encounter in the future.

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Consensus Revenue Estimates, 2009-Present (Office of Policy and Management and Office of Fiscal Analysis)

Nov 10, 2022

Connecticut state statute directs the secretary of the Office of Policy and Management and the director of the General Assembly's Office of Fiscal Analysis to agree on and issue consensus revenue estimates each year by November 10, and to issue any necessary consensus revenue revisions of those estimates in January and April. The estimates must cover the current biennium and the three following years. The consensus revenue estimates and revised estimates must (1) serve as the basis for the governor's proposed budget and for the revenue statement included in the final budget act passed by the General Assembly to indicate the budget is balanced, and (2) be included in the annual fiscal accountability reports submitted to the General Assembly's fiscal committees each November.

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