Connecticut 2025 Regular Session

Connecticut House Bill HB06752 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2
3	3	LCO No. 3394 1 of 2
4	4
5	5	General Assembly Proposed Bill No. 6752
6	6	January Session, 2025
7	7	LCO No. 3394
8	8
9	9
10	10	Referred to Committee on FINANCE, REVENUE AND
11	11	BONDING
12	12
13	13
14	14	Introduced by:
15	15	REP. GILCHREST, 18th Dist.
16	16	REP. FARRAR K., 20th Dist.
17	17	REP. KHAN, 5th Dist.
18	18	REP. CHAFEE, 33rd Dist.
19	19	REP. HADDAD, 54th Dist.
20	20	REP. WINTER, 94th Dist.
21	21	REP. GODFREY, 110th Dist.
22	22	REP. GUCKER, 138th Dist.
23	23	REP. LEMAR, 96th Dist.
24	24	REP. ROCHELLE, 104th Dist.
25	25	REP. DEMICCO, 21st Dist.
26	26	REP. JOHNSON, 49th Dist.
27	27	REP. BELTON, 100th Dist.
28	28	REP. MENAPACE, 37th Dist.
29	29	REP. HUGHES, 135th Dist.
30	30	REP. GAUTHIER, 38th Dist.
31	31	REP. LUXENBERG, 12th Dist.
32	32	REP. DOUCETTE, 13th Dist.
33	33	REP. BIGGINS, 11th Dist.
34	34	REP. TURCO, 27th Dist.
35	35	REP. KEITT, 134th Dist.
36	36	REP. MORRIN BELLO, 28th Dist.
37	37	REP. GIBSON, 15th Dist.
38	38	REP. GARIBAY, 60th Dist.
39	39	REP. KAVROS DEGRAW, 17th Dist.
40	40	REP. ROBERTS, 137th Dist.
41	41	REP. SWEET, 91st Dist.
42	42	REP. SHANNON, 117th Dist.
43	43	REP. NOLAN, 39th Dist.
44	44	REP. ELLIOTT, 88th Dist.
45	45	REP. SANCHEZ E., 24th Dist.
46	46	REP. SANCHEZ, 6th Dist.
47	47	REP. RYAN, 139th Dist.
48	48	REP. MARTINEZ, 22nd Dist.
49	49
50	50
51	51
52	52	AN ACT ADJUSTING THE FISCAL GUARDRAILS.
53	53	Be it enacted by the Senate and House of Representatives in General
54	54	Assembly convened:
55	55
56	56	That: (1) The definition of "increase in inflation" under section 2-33a 1
57	57	of the general statutes be amended to specify that the consumer price 2
58	58	index adjustment be for all items, not seasonally adjusted; (2) the 3 Proposed Bill No. 6752
59	59
60	60
61	61	LCO No. 3394 2 of 2
62	62
63	63	definition of "general budget expenditures" under said section be 4
64	64	amended to exclude payments toward the unfunded liability for the 5
65	65	state employees retirement system and the teachers' retirement system 6
66	66	to the extent such payments are the result of actuarial gains or losses or 7
67	67	changes in actuarial assumptions; (3) the methodology used to calculate 8
68	68	the annual adjustment to the threshold amount of the revenue transfer 9
69	69	under section 4-30a of the general statutes be amended to use an 10
70	70	inflation-adjusted ten-year moving average of the revenue being 11
71	71	transferred; (4) the limitation on General Fund and Special 12
72	72	Transportation Fund appropriations under section 2-33c of the general 13
73	73	statutes be amended to be based on the balances of the Budget Reserve 14
74	74	Fund and Special Transportation Fund, respectively; and (5) the state 15
75	75	bonding process be amended to incorporate economic impact analyses 16
76	76	prepared by the Treasurer for proposed and actual bond expenditures. 17
77	77	Statement of Purpose:
78	78	To make adjustments to the spending cap and the volatility cap and
79	79	require the incorporation of certain economic impact analyses by the
80	80	Treasurer into the bonding process.