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OLR Issue Brief and Backgrounder: Connecticut's Volatility Cap

Bonding

Issue brief and backgrounder from the Connecticut General Assembly's nonpartisan Office of Legislative Research that explains the volatility cap, and the related bond covenant requirement, which was initially passed as part of Connecticut's biennial budget for fiscal years 2018-19 and then adjusted as part of the budget adjustments for fiscal year 2019.

Citation for Issue Brief

Pinho, R. (2018). Issue Brief: Connecticut's Volatility Cap (2018-R-0296). Hartford, CT: Connecticut General Assembly, Office of Legislative Research. Retrieved from https://www.cga.ct.gov/2018/rpt/pdf/2018-R-0296.pdf.

Citation for Backgrounder

Pinho, R. (2018). OLR Backgrounder: Connecticut's Volatility Cap (2018-R-0041). Hartford, CT: Connecticut General Assembly, Office of Legislative Research. Retrieved from https://www.cga.ct.gov/2018/rpt/pdf/2018-R-0041.pdf.


Also tagged under: State Fund Balances State Revenues