Monthly reports from the Connecticut General Assembly's Office of Fiscal Analysis detailing its most recent estimated General Fund budget projections.
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."
This issue brief from the Connecticut General Assembly's nonpartisan Office of Legislative Research summarizes tax changes made by the General Assembly during the 2018 legislative session in effort to mitigate the potentially negative impacts on Connecticut of federal tax changes made as part of the Tax Cuts and Jobs Act of 2017 passed by Congress.
Report from the Connecticut General Assembly's nonpartisan Office of Legislative Research providing information about Connecticut's state income tax rates and brackets and since the enactment of Connecticut's state income tax in 1991.
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.
Established by section 137 of Conn. Acts 14-217, the State Tax Panel was created to "review the state's overall state and local tax structure." The 22-member panel, which consisted of 14 voting members deemed experts in "tax law, tax accounting, tax policy, economics and state, local and business finance," released its final report and recommendations in late December 2015.