The special education plan would push CT’s budget $100 million over spending cap, said a strongly opposed Gov. Ned Lamont.
spending cap
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Lamont assures CBIA that CT’s spending cap is ‘sacrosanct’
Gov. Ned Lamont told business leaders he won’t touch the spending cap, but left room for debate on other fiscal guardrails.
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The history of Connecticut’s spending cap, explained
For more than 30 years, one of the single-largest factors shaping CT’s budget has been its spending cap. Here’s what to know about it.
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Lamont digs in as CT budget talks remain in gridlock
Gov. Ned Lamont insisted he wouldn’t sign a new state budget that subverts the spending cap or borrows excessively.
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CT budget talks stuck on borrowing for cities, spending cap workaround
The House inched closer Thursday toward a Saturday budget vote — even as negotiations with Gov. Ned Lamont stalled.
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A little-known technical bill could be the key to more money for core programs
Appropriations Committee leaders have a new strategy to more pump state dollars into education, social services and health care.
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Big variables cloud upcoming CT budget debate
Another potential wave of federal stimulus, a complex spending cap and other variables cloud the next Connecticut budget debate.
Posted inGovernment, Health, Money
CT budget panel leaders pledge to reverse years of eroding funds for social service safety nets
State spending for nonprofits has grown by about 10% over about two decades. With inflation, nonprofits say they lost money.
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Democrats have the numbers, but Lamont has the edge in next CT budget debate
Democratic legislators expanded their majorities Tuesday, but complex fiscal rules favor Gov. Ned Lamont in the next budget debate.
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Lamont hopes cap will keep lawmakers’ hands off $2.5B reserve
Connecticut is sitting on a multi-billion-dollar reserve but lawmakers will have to get around the spending cap – and the governor – if they want to tap it.
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Lamont hopes spending cap will protect CT’s piggy bank
Democratic Gov. Ned Lamont has an ally in his fight to protect Connecticut’s growing budget reserves — a new Republican-crafted spending cap.
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Connecticut ‘locks’ into new budgetary restraints in three weeks
In less than three weeks state government will contractually bind itself to a new series of budgetary controls for the next five years despite numerous warnings the maneuver could cause fiscal chaos.
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Legislature willing to listen before locking in fiscal restraints
Leaders of the Finance, Revenue and Bonding Committee confirmed Tuesday they will hold a public hearing this month on the so-called “bond-lock” process scheduled to begin May 15.
Posted inMoney, Politics
Malloy’s fitful search for a ‘new normal’ on budgets
Gov. Dannel P. Malloy talks about his push for a “Second Chance Society” for ex-offenders and his intention to somehow coax the General Assembly into putting the state on a path to spend $100 billion on transportation over 30 years. But the reality of governing in the first months of his second term is less about big ideas than the prospect of a protracted and painful conversation with a restive General Assembly about what kind of government Connecticut can afford.
Posted inMoney, Politics
CT spending cap is unique and, some critics say, among the toughest
Like about half of the states in the nation, Connecticut has imposed a cap on the amount of money the state government can spend. But each state has approached the problem of controlling the spending habits of its governors and legislature differently, and Connecticut’s spending cap is unique in a number of ways.