OFA Fiscal Note State Impact - Connecticut General Assembly 2026

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The State of Connecticut has several budget controls, commonly referred to as fiscal guardrails, which it has committed to bondholders to maintain through at least fiscal year 2028. These budget controls include the bond cap, revenue cap, spending cap, and volatility cap.
The General Assembly, which is made up of the House of Representatives (151 members) and the Senate (36 members), enacts laws dealing with the collection and allocation of funds, public welfare, the environment, education, public works, civil and criminal law and other matters.
The primary function of a fiscal note is to inform Legislators of a piece of legislations financial impact on State Government (i.e. the costs, savings and/or revenue increases or decreases) and the costs incurred by local units of government.
FiscalNote is a tool of civic technology as it provides organizations or companies with real time governmental policies. This connects companies to the government, allowing them to take notice of what policies may impact their business and allowing companies to stay in compliance while pursuing future goals.
Laws begin as ideas. First, a representative sponsors a bill. The bill is then assigned to a committee for study. If released by the committee, the bill is put on a calendar to be voted on, debated or amended.

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