Connecticut House Bill HB05152

Connecticut 2010 Regular Session

• Introduced: 2/10/10
• Refer: 2/10/10

Caption

An Act Concerning The Use Of Any Growth In State Revenue Streams.

Impact

If passed, HB05152 would likely have a significant effect on state fiscal policies and budget management. The bill is expected to restrict the unrestricted use of surplus revenues, requiring that additional funds be allocated towards predetermined priorities such as education, infrastructure, or debt reduction. This change would encourage a more disciplined approach to state spending, aiming to enhance the overall economic stability of the state. Supporters argue that it would prevent frivolous spending and push for careful consideration of budgetary needs.

Summary

House Bill 05152 addresses the management and allocation of any growth in state revenue streams. The bill seeks to establish guidelines on how states can use any additional funds generated from revenue increases, potentially affecting budgeting and financial planning at the state level. By regulating the use of these funds, the bill aims to promote fiscal responsibility and transparency in how state revenues are utilized for public services and infrastructure improvements.

Contention

However, the bill has raised concerns over its potential rigidity in fiscal management, with opponents arguing that it might hinder flexibility in responding to emerging financial needs or crises. Critics fear that overly stringent limitations on the use of surplus revenues may restrict the ability of the state to invest in critical areas or react promptly to economic downturns. This contention highlights the ongoing debate between fiscal prudence and the necessity for adaptive financial strategies in state governance.