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 describes the changes made in Conn. Acts 17-2 (June Special Session) to the formula for the Education Cost Sharing (ECS) grant.