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Student-Centered Funding System

Jan 27, 2021

School + State Finance Project Original Content

Although positive steps have been taken by the General Assembly over the past few years to improve how Connecticut funds K-12 public education, the state’s education finance system remains inequitable, disjointed, and inadequate for addressing the systemic racial disparities and wide gaps found in Connecticut education funding. These longstanding challenges are why we are working collaboratively with legislative, education, community, and municipal stakeholders across the state to advance a student-centered funding system.

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  • School + State Finance Project Reports
  • Education Cost Sharing (ECS) Formula
  • Education Funding (Connecticut)
  • 2021

Budget Snapshots: Governor Lamont's Proposed Budget for FYs 2022 and 2023

Mar 1, 2021

School + State Finance Project Original Content

On Wednesday, February 10, Governor Ned Lamont released his proposed budget for the next two fiscal years (FY 2022 and FY 2023). The governor's proposal is the first step in the development of Connecticut's biennial state budget. These budget snapshots provide a nonpartisan look at how the governor's budget compares to current spending and revenue levels, details the proposal's key policy changes, and provides estimated town-by-town runs for the Education Cost Sharing (ECS) grant.

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  • School + State Finance Project Reports
  • Education Funding (Connecticut)
  • State Budget
  • State Budget - Budget Proposals
  • 2021

Connecticut's State Budget Process

Feb 3, 2021

School + State Finance Project Original Content

This policy briefing provides a quick overview of Connecticut's biennial (two-year) budget process from the governor's initial proposed budget to a final product passed by the legislature and signed by the governor.

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  • School + State Finance Project Reports
  • State Budget
  • 2021

Economic Impacts of Land Use Regulations in Connecticut

Nov 10, 2020

School + State Finance Project Original Content

The State of Connecticut is facing structural headwinds that threaten the ability for its residents, taxpayers, and businesses to thrive. One of these structural challenges is Connecticut’s land use regulations, which have restricted housing supply, increased housing prices, and limited economic growth. This report describes how including the dimension of economic impact and growth in the analysis of land use regulations and development processes can address this structural challenge.

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  • School + State Finance Project Reports
  • Population & Workforce
  • 2020

Racial Disparities in Connecticut Education Funding

Sep 17, 2020

School + State Finance Project Original Content

Connecticut's public school districts remain deeply segregated and significant funding gaps continue to exist between districts that predominantly serve students of color and districts that largely serve White student populations. These are two of the overarching findings from this School and State Finance Project report, which examines racial disparities in Connecticut education funding.

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  • School + State Finance Project Reports
  • District/School Spending
  • Education Funding (Connecticut)
  • Student Enrollment
  • 2020

State Employee Bargaining Agent Coalition (SEBAC) Agreements

Jul 31, 2017

The State Employees Bargaining Agent Coalition (SEBAC) is made up of 15 public sector employee unions representing roughly 46,000 Connecticut state employees. SEBAC was recognized in 1986 under Conn. Acts 86-411 to negotiate with the State on healthcare and pension benefits for its individual unions’ active members, as well as retirees.

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  • State Pensions (Connecticut)
  • 2017
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  • 1992

Annual Reports (Office of the State Treasurer)

Dec 31, 2020

Each year, in accordance with state statutes, the Office of the State Treasurer releases an Annual Report that includes "quantitative data, explanatory comments, and financial information regarding the Connecticut Retirement Plans and Trust Funds; the Short-Term Investment Fund; and the Connecticut Higher Education Trust, Connecticut’s 529 College Savings Program." The Annual Report also includes information about the "operations of the divisions of Cash Management, Debt Management, Pension Funds Management, Second Injury Fund and Unclaimed Property."

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  • Bonding
  • State Debt (Connecticut)
  • State Pensions (Connecticut)
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Actuarial Valuations for the Connecticut State Teachers' Retirement System (TRS)

Nov 5, 2020

Since 1984, the Connecticut State Teachers' Retirement System (TRS), at least once every two years, has undergone a review by actuaries who make valuations of the assets and liabilities of the System. The actuarial valuation report, which is submitted to the Teachers' Retirement Board, provides a summary of the funded status of the System and recommends annual rates for contributions made to the System by the State of Connecticut.

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  • State Pensions (Connecticut)
  • 2020

Reports on State Financial Operations - State Treasurer (Auditors of Public Accounts)

Dec 31, 2020

Annual report from Connecticut's Auditors of Public Accounts looking at "financial statements and certain other information of the Treasurer of the State of Connecticut as they pertain to the central accounting of state financial operations."

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  • Bonding
  • State Debt (Connecticut)
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Connecticut State Budget Process (Office of Fiscal Analysis)

Feb 6, 2019

Presentation and flowchart from the Connecticut General Assembly's Office of Fiscal Analysis explaining how Connecticut's state budget process and cycle works.

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  • State Budget
  • 2019