About this Dataset

Municipal Spending Cap Report

This dataset includes municipal spending cap data used for the calculation of municipal revenue sharing grant amounts from 2018 through the most recent reporting year.

Subsection (f) of Connecticut General Statute Sec. 4-66l establishes a municipal expenditure cap that is the greater of the inflation rate or 2.5% or more of the prior fiscal year’s adopted budget expenditures, including expenditures from a municipality's general fund.

Municipalities that increase their adopted budget expenditures over the previous fiscal year by an amount that exceeds this cap receive a reduced revenue sharing grant. The reduction is equal to 50 cents for every dollar the municipality spends over the cap.

Municipalities must annually certify to the OPM secretary, on an OPM-prescribed form, whether they have exceeded the spending cap and, if so, by how much.

More information may be found here: https://www.cga.ct.gov/2024/sup/chap_050.htm#sec_4-66l
Organization: State of Connecticut
Last updated: 2022-04-28T02:49:31.251109
Tags: municipal-spending-cap

Tables

Table 1

@usgov.state_of_connecticut_municipal_spending_cap_report_64e22.table_1

45.54 KB
1360 rows
8 columns


CREATE TABLE table_1 (
  "town_code" DOUBLE,
  "town_name" VARCHAR,
  "fiscal_year" BIGINT,
  "previous_fiscal_year_budget_expenditure" DOUBLE,
  "current_fiscal_year_budget_expenditure" DOUBLE,
  "net_dollar_change" DOUBLE,
  "net_percentage_change" DOUBLE,
  "certification_date" TIMESTAMP
);