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Connecticut state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
Connecticut ended FY 2009 on June 30, 2009 with a $926 million deficit and expected a $500 million deficit for FY 2010, according to Connecticut State Comptroller Nancy Wyman.[1][2]
The Connecticut General Assembly met in regular session from January 7 to June 3, 2009.[3] They reconvened on June 19, 2009 and passed a revised FY 2010 budget on June 26, 2009. The governor vetoed their budget on July 1. Gov. Rell signed an executive order providing funding for state agencies and essential programs. The General Assembly passed another budget on September 1, 2009 for FY 2010.[4]
In early February 2009 Gov. M. Jodi Rell announced that the state of Connecticut was facing a deficit of $1.35 billion for the current fiscal year. According to the fiscal office, the state was expected to be $3.97 billion in deficit in the fiscal year that began July 1 and $4.71 billion the following year.[5]
Budget background
- See also: Connecticut state budget and finances
Prior to the 1971-1972 fiscal year Connecticut used a biennial schedule for both the budget and the legislature. From the 1980s through the 1990s Connecticut began operating with an annual budget and legislature. However, during the 1993-1994 fiscal year Connecticut reverted to the biennial budget that reflects two years at a time. The fiscal year begins on July 1 of an odd year and ends June 30 of the next odd year (for example, July 1, 2009 to June 30, 2011).[6]
Once the state's agencies submit their budget requests for the upcoming biennium, the governor or governor-elect reviews, revises and makes any necessary additions before submitting the budget recommendation to the legislature on the first session day following February 14 in odd-numbered years. During even-numbered years the governor submits a report to the legislature on the status of the enacted budget along with any recommendations for revisions and adjustments.[6]
Budget figures
The following table provides a history of Connecticut's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $24.0[7] | $160.4[7] |
| 2001 | $25.8[7] | $165.0[7] |
| 2002 | $27.6[7] | $166.1[7] |
| 2003 | $28.2[7] | $169.9[7] |
| 2004 | $28.8[7] | $182.1[7] |
| 2005 | $29.6[7] | $193.3[7] |
| 2006 | $31.5[7] | $205.0[7] |
| 2007 | $33.4[7] | $216.3[7] |
| 2008 | $35.4[7] | $228.2[7] |
| 2009 | $37.6*[7] | $240.8*[7] |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
See also
- Connecticut government sector lobbying
- Connecticut state budget and finances
Footnotes
- ↑ Connecticut State Comptroller Press Release, “Wymann Says State Ends Fiscal Year with $925.9 Million Deficit,” September 1, 2009
- ↑ Connecticut State Comptroller Press Release, “Wymann Says Revenue Trends Indicate Deficit Likely for 2010,” October 1, 2009
- ↑ Connecticut General Assembly Web site, accessed October 12, 2009
- ↑ National Conference of State Legislatures, “Fiscal Year 2010 Budget Status,” October 1, 2009
- ↑ The Hartford Courant, "Rell warns of cuts as budget deficit grows," February 3,2009
- ↑ 6.0 6.1 Connecticut Office of Fiscal Analysis, "State budget process," accessed February 26,2009 (dead link)
- ↑ 7.00 7.01 7.02 7.03 7.04 7.05 7.06 7.07 7.08 7.09 7.10 7.11 7.12 7.13 7.14 7.15 7.16 7.17 7.18 7.19 US Government Spending, "Connecticut State and Local spending," accessed February 26,2009
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