HB05187 • 2026

AN ACT ADJUSTING THE FISCAL GUARDRAILS.

Budget

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Rep. Jason Doucette, 13th Dist.
Last action: 2026-02-20
Official status: Public Hearing 02/27
Effective date: Not listed

Plain English Breakdown

The candidate explanation included details that were not explicitly stated or directly implied by the provided official bill summary and text.

Adjusting Fiscal Guardrails

This act changes how certain financial thresholds are calculated using an inflation-adjusted five-year average and increases the size limit of the Budget Reserve Fund.

What This Bill Does

Changes the methodology for calculating threshold amounts for volatility funds transfers to use an inflation-adjusted five-year moving average.
Increases the maximum capacity of the Budget Reserve Fund to twenty percent of net General Fund appropriations.

Who It Names or Affects

State government agencies and departments that manage budgets and funds.

Terms To Know

Budget Reserve Fund: A fund set aside by the state to handle unexpected financial needs or emergencies.
Inflation-adjusted five-year moving average: A way of calculating an average that takes into account changes in prices over a period of five years and adjusts for inflation.

Limits and Unknowns

The bill does not specify how the new methodology will be implemented or enforced.
It is unclear what specific impacts this change might have on state finances.

Bill History

2026-02-20 Connecticut General Assembly
Public Hearing 02/27
2026-02-18 FIN
Reserved for Subject Matter Public Hearing
2026-02-11 Connecticut General Assembly
Referred to Joint Committee on Finance, Revenue and Bonding

Official Summary Text

To adjust the methodology used to calculate the threshold amounts for volatility funds transfers and increase the maximum capacity of the Budget Reserve Fund.

Current Bill Text

Read the full stored bill text

LCO No. 947 1 of 2

General Assembly Proposed Bill No. 5187
February Session, 2026 LCO No. 947

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. DOUCETTE, 13th Dist.
REP. BIGGINS, 11th Dist.
REP. BROWN, 56th Dist.
REP. BROWN M., 127th Dist.
REP. CHAFEE, 33rd Dist.
REP. DEMICCO, 21st Dist.
REP. ELLIOTT, 88th Dist.
REP. FARRAR, 20th Dist.
REP. FORTIER, 79th Dist.
REP. GAUTHIER, 38th Dist.
REP. GILCHREST, 18th Dist.
REP. GODFREY, 110th Dist.
REP. GUCKER, 138th Dist.
REP. HEFFERNAN, 115th Dist.
REP. JOHNSON, 49th Dist.
REP. KAVROS DEGRAW, 17th Dist.
REP. KEITT, 134th Dist.
REP. KHAN, 5th Dist.
REP. LEMAR, 96th Dist.
REP. LUXENBERG, 12th Dist.
REP. MARTINEZ, 22nd Dist.
REP. MENAPACE, 37th Dist.
REP. MCGEE T., 116th Dist.
REP. MORRIN BELLO, 28th Dist.
REP. NOLAN, 39th Dist.
REP. PARIS, 145th Dist.
REP. SHAKE, 120th Dist.
REP. SHANNON, 117th Dist.
REP. SIMMS, 140th Dist.
REP. SWEET, 91st Dist.
SEN. SLAP, 5th Dist.
REP. ROCHELLE, 104th Dist.
REP. TURCO, 27th Dist.
REP. WINTER, 94th Dist.

AN ACT ADJUSTING THE FISCAL GUARDRAILS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That the general statutes be amended to (1) adjust the methodology 1
used to calculate the annual adjustment to the threshold amount of the 2
revenue transfer under section 4 -30a of the general statutes, to use an 3
Proposed Bill No. 5187

LCO No. 947 2 of 2

inflation-adjusted five -year moving average of the revenue being 4
transferred, and (2) increase the maximum capacity of the Budget 5
Reserve Fund to twenty per cent of net General Fund appropriations. 6
Statement of Purpose:
To adjust the methodology used to calculate the threshold amounts for
volatility funds transfers and increase the maximum capacity of the
Budget Reserve Fund.