Connecticut 2018 Regular Session

Connecticut House Bill HB05076

Introduced
2/14/18  

Caption

An Act Requiring The Use Of Funds From The Budget Reserve Fund To Close The State Budget Deficit.

Impact

If enacted, HB05076 would directly influence the state's fiscal management policies, particularly relating to the utilization of the Budget Reserve Fund. By reallocating funds from this reserve, the state intends to mitigate the effects of the deficit on public services and programs. However, it raises significant discussions about budgeting strategies and the implications of diminishing reserve funds for future fiscal stability.

Summary

House Bill 05076 proposes the transfer of two hundred million dollars from the Budget Reserve Fund to the General Fund to address the state budget deficit for the fiscal year ending June 30, 2018. The bill aims to provide a financial solution to the state’s budget challenges without further compromising essential state programs or structures. This legislative measure reflects an urgent response to the fiscal pressures faced by the state at that time.

Contention

There may be points of contention regarding the adequacy of the Budget Reserve Fund post-transaction and the potential impacts on state-led initiatives funded by these reserves. Critics of such measures often highlight concerns about the sustainability of using reserve funds to cover budget shortfalls, fearing it might lead to deeper deficits in subsequent years if not adequately addressed through structural changes in revenue or expenditure.

Companion Bills

No companion bills found.

Previously Filed As

CT SB00049

An Act Providing Funding To The Shore Line East Rail Line.

CT SB00144

An Act Concerning Reserve Funds In Common Interest Ownership Communities.

CT HB05091

An Act Concerning Funding For Housing Services.

CT HB05048

An Act Adjusting The State Budget For The Biennium Ending June 30, 2025.

CT HB05090

An Act Concerning Funding For Training Law Enforcement Officers.

CT SB00016

An Act Concerning Revenue Items To Implement The Governor's Budget.

CT SB00052

An Act Concerning Funding For The Mystic Chamber Of Commerce.

CT HB05006

An Act Restoring Funding To The Shore Line East Rail Line.

CT SB00057

An Act Concerning Funding For School-based Health Centers In Eastern Connecticut.

CT HB05050

An Act Implementing The Governor's Budget Recommendations For Education.

Similar Bills

No similar bills found.