Connecticut General Statutes 2-33c – Limitation of General Fund and Special Transportation Fund appropriations
(a) In addition to the provisions of § 2-33a, on and after July 1, 2019, except as provided in subsection (b) of this section, the General Assembly shall not authorize General Fund and Special Transportation Fund appropriations for any fiscal year in an amount that, in the aggregate, exceeds the percentage of the statement of estimated revenue passed pursuant to subsection (b) of § 2-35 for each fiscal year indicated as follows:
|
Fiscal Year Ending June 30, |
Percentage of Estimated Revenue |
|
2020 |
99.5   |
|
2021 |
99.25 |
|
2022 |
99      |
|
2023 |
98.75 |
|
2024 |
98.5   |
|
2025 |
98.25 |
|
2026, and each |
98      |
Terms Used In Connecticut General Statutes 2-33c
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(b) The General Assembly may authorize General Fund and Special Transportation Fund appropriations for any fiscal year in an amount that, in the aggregate, exceeds the percentage of estimated revenue specified in subsection (a) of this section for such fiscal year, if:
(1) (A) The Governor declares an emergency or the existence of extraordinary circumstances and at least three-fifths of the members of each house of the General Assembly vote to exceed such percentage for the purposes of such emergency or extraordinary circumstances, and (B) any such appropriation is for the fiscal year in progress only. Any such declaration shall specify the nature of such emergency or circumstances; or
(2) Each house of the General Assembly approves by majority vote any such appropriation for purposes of an adjusted appropriation and revenue plan.