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 issue brief from the Connecticut General Assembly's nonpartisan Office of Legislative Research describes Connecticut's bonding program and the process for issuing bonds.
This resource includes reports from the 14-member Commission on Fiscal Stability and Economic Growth, which was initially created as part of the biennial budget for fiscal years 2018-19 (Conn. Acts 17-2 (June Special Session)). After issuing its first report with recommendations in March 2018, the Commission members (acting as a private group) released a second report with revised recommendations on November 28, 2018. The Commission's charge was to "develop and recommend policies to achieve state government fiscal stability and promote economic growth and competitiveness within the state."
Established by section 24 of Conn. Acts 15-1 (December Special Session), the Spending Cap Commission was "charged with creating, for the purposes of the state's constitutional general budget expenditures requirements, proposed definitions of (1) 'increase in personal income,' (2) 'increase in inflation,' and (3) 'general budget expenditures.'" The 24-member Commission, however, did not issue an official final report because its members were unable to agree on a set of recommendations for defining the three items outlined in the Commission's charge.
Published sporadically from 1986-2009, the Connecticut General Assembly's Office of Fiscal Analysis' Connecticut Revenue and Budget Data report (also referred to as the Tax Facts report) was designed as a "reference tool for legislators interested in putting the state's revenue and budget picture into historical perspective." Each report contains data for 20 years or more regarding "major state taxes and some of the basic expenditure items most often asked for by state legislators." The reports also contain sections discussing "important issues and major state and municipal programs or funds of interest to legislators."