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  • Connecticut Municipal Statistical and Formula Aid Information

    Prepared by Connecticut's Office of Policy and Management, this document includes demographic and education data for each of the state's 169 municipalities. Also included in the document is statutory formula aid for each city and town from FY 2011 - FY 2019 as well as historical information about each city and town's mill rate, state aid per capita, fund balance, expenditures, and revenue.

  • Municipal Fiscal Indicators from Connecticut's Office of Policy and Management

    Municipal Fiscal Indicators contains the most current financial data available for each of Connecticut's 169 municipalities. The majority of this data was compiled from the audited financial statements that are filed annually with the State of Connecticut, Office of Policy and Management, IGP Division. This database of information includes selected demographic and economic data relating to, or having an impact upon, a municipality’s financial condition. The most recent edition is for the Fiscal Years Ended 2012-2016.

  • Governor's Recommended Budget Adjustments for FY 2019

    On February 5, 2018, Connecticut Governor Dannel Malloy released his recommended adjustments to the state budget for fiscal year 2019. The adjustments include  spending cuts, cancelled tax cuts, and new revenues.

  • FY 2019 Midterm Economic Report of the Governor

    Required by Section 4-74a of the Connecticut General Statutes, this report is prepared by Connecticut's Office of Policy and Management and is required to "include the recommendations of the Governor concerning the economy and shall include an analysis of the impact of both proposed spending and proposed revenue programs on the employment, production and purchasing power of the people and industries within the state.” This report is also intended to provide a brief profile of the State of Connecticut, the economy of the state, revenues and economic assumptions that support the governor's budget, and an analysis of the impact of both proposed spending and proposed revenue programs on the economy of the State of Connecticut.

  • Presentation to Commission on Fiscal Stability and Economic Growth

    Presentation, produced by the Millstein & Co. financial services firm and given to the Commission on Fiscal Stability and Economic Growth, covering Connecticut's current fiscal landscape, fixed costs, and economic state. The presentation also covers structured asset transactions and other areas for the Commission to examine.

  • OLR Backgrounder: Connecticut's Volatility Cap

    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 passed as part of Connecticut's biennial budget for fiscal years 2018-19.

  • Consensus Revenue Estimates (2009-Present)

    Connecticut state statute directs the secretary of the Office of Policy and Management and the director of the General Assembly's Office of Fiscal Analysis to agree on and issue consensus revenue estimates each year by November 10, and to issue any necessary consensus revenue revisions of those estimates in January and April. The estimates must cover the current biennium and the three following years. The consensus revenue estimates and revised estimates must (1) serve as the basis for the governor's proposed budget and for the revenue statement included in the final budget act passed by the General Assembly to indicate the budget is balanced, and (2) be included in the annual fiscal accountability reports submitted to the General Assembly's fiscal committees each November.

  • Annual Reports for the Department of Revenue Services

    Every year, Connecticut's Department of Revenue Services releases a report providing an overview of the State's taxes and the revenue Connecticut has collected. Included in this annual report is a summary of legislation passed during the previous Connecticut legislative session that impacts taxes. For each tax, the report provides a brief description of the tax and includes details such as: revenue generated from the tax, basis and rate of the tax, number of taxpayers and filing frequency, and exemptions to the tax.

  • Actuarial Valuation and Review Reports on Other Post-employment Benefits (OPEB)

    Periodically since 2008, an actuarial valuation and review has been conducted concerning the State of Connecticut's Other Post-employment Benefits (OPEB) program. Other Post-employment Benefits are benefits (other than pensions) that the State of Connecticut provides to state employees once they retire. These benefits include medical, dental, and life insurance as well as prescription drug coverage. The actuarial valuation report, which is submitted to the Office of the State Comptroller, provides a summary of the funded status of the State's OPEB program and recommends annual rates for contributions made to the program by the State of Connecticut.

  • Individual Income Tax Data Reports

    Annual reports from Connecticut's Department of Revenue Services featuring data on individual income taxes. Reports include information on personal income tax by municipality as well as data on the Earned Income Tax Credit by town.