March 31, 2019

Connecticut Voices for Children: Connecticut’s Radical New Budget Rules: Locking in Decreased Investment in our State for the Next Decade

ITEP Work in Action

Faced with increasingly difficult decisions in crafting the Fiscal Year (FY) 2018-19 biennial budget, the Connecticut General Assembly found itself at an impasse. In order to break the log jam, the legislature included drastic measures in the final budget deal. It is increasingly clear that the long-term effects of these measures will be damaging to the well-being of Connecticut’s children and families and to our state’s economic prosperity. Five fiscal restrictions were included in the budget — a spending cap, volatility cap, appropriations cap, bond cap, and “Bond Lock.”

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