What is the state budget and what does it pay for?
The budget is a spending and raising revenue (taxes) plan for the state. The budget pays for the operating costs to run state government. This includes but is not limited to: state employee salaries, social service programs (food stamps, heating assistance, Medicaid), infrastructure construction and maintenance, financial aid to municipalities, and funding state departments (Transportation, Education, Labor, Social Services).
When is the budget made and who makes it?
During odd-numbered years, the Connecticut General Assembly is charged with creating a two-year (biennial) state budget. By law, the budget must be balanced when the fiscal year begins on July 1.
The budget process is complex, with multiple steps involved. The process begins around May of even-numbered years, and ends June of odd-numbered years. Many entities are involved including the state agencies, the legislature, the governor, and sometimes state unions.
What are the main steps and timetable?
Step 1- Agency proposals: May to January of even-numbered years.
Step 2- Governor’s budget proposal: February of odd-numbered years.
Step 3- The legislature’s budget: February to June.
Step 4- Governor’s signature, veto, or no action: June.
What does a budget look like?