Gov. Dannel Malloy proposed definitions earlier this year to finally implement the 25-year-old constitutional spending cap. His budget chief admitted Monday that, unless lawmakers pass the administrations' proposed definitions, his proposed budget will exceed the existing cap by $153 million.
spending cap commission
The state’s constitutional spending cap should be “comprehensive” and cover all state spending except for debt service, Webster Bank CEO James C. Smith told members of the Spending Cap Commission this week. The spending cap is supposed to limit how much state lawmakers can spend – but in recent years money has been moved out from under the cap, weakening it. Smith powerfully made the argument that the state’s spending cap matters – read the rest of his testimony here.