Connecticut State Budget Process

A State's Goals is Reflected in the Budget

By Corey Sipe, published Aug 31, 2006
Published Content: 735  Total Views: 317,092  Favorited By: 3 CPs
Rating: 2.8 of 5
Connecticut has a biannual budget that looks at a two-year block of time and is updated in odd-numbered years. The state’s fiscal year goes from July 1 to June 30 (State Budget Process, 2004). 

The budget process starts with budget formulation. Agencies start in May by preparing their budget requests. They must provide a current services budget plan and lists of options if changes in spending or revenues are requested. These changes show the differences between the level of current services and whether resources will be reallocated. Agencies must account for inflation, caseload increases, and other increases. Forms from the Budget and Financial Management Division of the Office of the Policy and Management (OPM) are sent to state agencies eleven months before the budget will go into effect. The deadline for current services biennial budget requests is September 1st and program options are due by October 1st. In odd-numbered years, adjustments and revisions are submitted by these deadlines, if necessary (State Budget Process, 2004). 

The Budget and Financial Management division reviews requests and prepares recommendations for agencies under their jurisdiction. These recommendations, done in September and October, are based on the effectiveness of current programs and the public’s perceived need for new and expanded programs. The Secretary of OPM reviews all recommendations and makes adjustments according to State revenue estimates and the priority of public needs (State Budget Process, 2004). 

If there is a newly elected Governor, the Secretary of the OPM must send recommendations to the Governor by November 15th for review. The Governor-elect can initiate budget hearings or grant requests to hearings by an agency. During the months of December and January, final decisions are incorporated into the budget (State Budget Process, 2004). 

Takeaways
  • The Budget and Financial Management division reviews requests and prepares recomm. for agencies
  • General Assembly receives the Gov's budget on 1st session day following Feb 3 in odd numbered years
  • An annual report is published by OFA on the budget that was passed by the legislature
Did You Know?
During an election year, the budget process is even more difficult because legislators must make a decision between reducing taxes and thus reduce the burden on taxpayers or meet the demand for more services and grants to local governments and of special interest groups (State Budget Process, 2004).
Resources
Comments
Type in Your Comments Below
Your name:

Submit your own content on this or any topic. Get started »
Most Commented On