OFA Bill Analysis

HB 5309

AN ACT CONCERNING FEDERAL FUNDS UNDER THE SPENDING CAP.

SUMMARY:

The bill states that, for purposes of calculating the statutory spending cap, the amount of federal funds appropriated in any fiscal year shall be deemed to have been appropriated in the previous fiscal year and shall be considered general budget expenditures for the purposes of determining general budget expenditures for such previous fiscal year. The spending cap is currently calculated by the Office of Policy and Management for the Governor's recommended budget and by the Office of Fiscal Analysis prior to the passage of the budget.

EFFECTIVE DATE: July 1, 2009

COMMITTEE ACTION

Appropriations Committee

Joint Favorable Report