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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
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Municipal Fiscal Indicators: Economic and Grand List Data, 2021
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Municipal Fiscal Indicators is an annual compendium of information compiled by the Office of Policy and Management, Office of Finance, Municipal Finance Services Unit (MFS). Municipal Fiscal Indicators contains the most current financial data available for each of Connecticut's 169 municipalities. The data contained in Indicators provides key financial and demographic information on municipalities in Connecticut. The data includes selected demographic and economic data relating to, or having an impact upon, a municipality’s financial condition. The majority of this data was compiled from the audited financial statements that are filed annually with the State of Connecticut, Office of Policy and Management, Office of Finance. Unlike prior years' where the audited financial information was compiled by OPM, the FY 2021 information in this edition was based upon the self-reporting by municipalities of their own audited data. The most recent edition is for the Fiscal Years Ended 2017-2021 published in July 2023.
Municipal Expenditures By Category – Fiscal Year 2010
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Percentages of municipalities' expenditures towards general government, public safety, public works, health and social services, education and libraries, parks and recreation, and debt service -- broken out by county. Source: Local Government Finances Fiscal 2010 (Department of Legislative Services), via Overview of Maryland Local Governments Finances and Demographic Information (Department of Legislative Services, 2012. Link: http://mgaleg.maryland.gov/pubs/budgetfiscal/2012-local-government-finances-demographics.pdf)
Summary Financial Information from Adopted Municipal Budgets, 2022-Present
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This dataset includes financial information derived from adopted budgets reported by Connecticut municipalities to the Office of Policy and Management via OPM’s Fiscal Health Monitoring System (FHMS) portal. The dataset includes key summary data from the budgets for all 169 municipalities and the City of Groton dating back to FY22. For questions regarding the budgetary information included in a municipality’s adopted budget, please contact the municipality directly. For questions or comments on the FHMS please contact us at opm-fhms@ct.gov The complete adopted municipal budgets filed with OPM dating back to FY 2022 are available via the Municipal Budget Database System located at https://opm-mbds.ct.gov/ords/r/fhms/mbds/home.
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