AN ACT CONCERNING THE SPENDING CAP.

SB 310 redefines Connecticut's state spending cap to limit annual growth in all state expenditures, including off-budget spending. It removes inflation as a factor allowing spending increases and instead ties the cap to growth in personal income alone. This means the state can only increase its budget if personal income in the state rises, effectively slowing spending growth unless the economy expands. The bill directly affects state budget planning and funding for all state programs and services.