General Assembly Proposed Bill No. 525
January Session, 2013 LCO No. 2265
Referred to Committee on APPROPRIATIONS
Introduced by:
SEN. MCLACHLAN, 24th Dist. SEN. FRANTZ, 36th Dist. SEN. WELCH, 31st Dist.
General Assembly
Proposed Bill No. 525
January Session, 2013
LCO No. 2265
Referred to Committee on APPROPRIATIONS
Introduced by:
SEN. MCLACHLAN, 24th Dist.
SEN. FRANTZ, 36th Dist.
SEN. WELCH, 31st Dist.
AN ACT REDEFINING TERMS CONCERNING THE SPENDING CAP.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That section 2-33a of the general statutes be amended to redefine (1) "increase in inflation" to mean the increase in the consumer price index for urban consumers during the preceding twenty-four-month period ending December thirty-first of the calendar year preceding the fiscal year to which the budget relates, according to United States Bureau of Labor Statistics data, and (2) "general budget expenditures" to mean expenditures from appropriated funds authorized by public or special act of the General Assembly, excluding expenditures for payment of the principal of and interest on bonds, notes or other evidences of indebtedness or expenditures pursuant to section 4-30a of the general statutes.
Statement of Purpose:
To implement the constitutional spending cap as required by article third, section 18 of the Constitution of the state.