AN ACT CONCERNING THE METHODOLOGY USED TO ADJUST THE VOLATILITY CAP TRANSFER THRESHOLD.

HB 5151 changes how Connecticut calculates the annual adjustment for a budget threshold used in state revenue transfers. It requires the adjustment to be the larger of two measures: the yearly growth in personal income or the change in the consumer price index (inflation rate). This affects state budget planning by determining how much revenue can be shifted between funds without triggering additional fiscal safeguards. The bill modifies section 4-30a of Connecticut’s general statutes to implement this new calculation method.