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A Review of Connecticut's Revenue Diversions

Dec 4, 2020

School + State Finance Project Original Content

The Connecticut General Assembly has periodically created “revenue diversions” in state statute. A “revenue diversion” is established when the General Assembly diverts a portion of revenue, which would otherwise be deposited into the General Fund, to a different fund or account. Revenue diversion statutes are explicit in the amount of revenue that is diverted, established as either a percentage of total revenue or a flat dollar amount, along with a description of what the diverted revenue will support. Once established in state statute, revenue diversions exist in perpetuity unless adjusted by the General Assembly.

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  • School + State Finance Project Reports
  • State Budget
  • State Revenues
  • 2020

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

Funding for K-12 Education in the CARES Act

Aug 31, 2020

School + State Finance Project Original Content

On March 27, 2020, in response to the coronavirus pandemic, President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act is a $2.2 trillion package that provides emergency financial assistance to: individuals; state, local, and tribal governments; nonprofit organizations, including healthcare providers; and for-profit businesses. This policy briefing and FAQ document summarize the provisions of the CARES Act that impact elementary and secondary education in the United States, and details the $138.8 million the State of Connecticut is due to receive from the federal government in formulaic grant assistance to help the State and local educational agencies (LEAs) respond to the impact of the coronavirus pandemic.

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  • School + State Finance Project Reports
  • Education Funding (Connecticut)
  • Federal Funding - Education
  • 2020

FAQs: Legislative Redistricting in Connecticut

Jul 6, 2020

School + State Finance Project Original Content

With the 2020 U.S. Census currently being conducted, another decennial tradition is set to occur in Connecticut — redrawing the state’s legislative districts. Every 10 years, the Connecticut General Assembly is charged with redrawing the boundaries for the state’s House of Representatives, State Senate, and congressional districts. This process, known as “redistricting,” is defined in the Connecticut Constitution and is often political, as the end result could impact which party is more likely to win a given seat based on the demographics and party affiliation of the district’s residents. This frequently asked questions document summarizes Connecticut's legislative redistricting process and the role the legislature plays.

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  • School + State Finance Project Reports
  • 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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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)
  • 2020
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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)
  • 2020
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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

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