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HB 7267 Connecticut House · 2025 Regular Session

AN ACT CONCERNING THE FISCAL ACCOUNTABILITY REPORT.

This bill (HB 7267, now Public Act 25-140) establishes requirements for a fiscal accountability report, but the provided context does not include details about the report's specific content, scope, or who it directly affects. The bill was enacted after passing through the legislature and receiving the governor's signature on July 8, 2025. Without additional information on the report's mechanisms or requirements, no concrete policy changes or affected parties can be described. The summary must remain neutral and factual, based solely on the available details.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill establishes fiscal accountability report, promoting transparency and responsibility in state budget management per title and subject.85% confidence
Bill status signed all 5 stages cleared
Introduction
Mar 2025
Committee Review
Apr 2025
House Passage
May 2025
Senate Passage
Jun 2025
Signed into Law
Jul 2025
Introduced Mar 27, 2025 Signed Jul 8, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Raised Bill → FIN Joint Favorable Substitute · 3 edits
MINOR
This bill revision updates the fiscal reporting requirements for state agencies, adding new analysis of recession preparedness and budget deficits while removing the requirement to analyze surplus fund uses. The changes shift focus from tracking excess funds to proactively assessing financial vulnerabilities during economic downturns.
Scope change
The bill's scope expanded to include recession scenario planning and multiyear deficit estimates, while the requirement to analyze surplus fund uses was eliminated.
REQUIREMENT

Added requirement for agencies to analyze state preparedness for recession scenarios, including estimates of potential multiyear budget deficits from revenue declines and assessments of whether the Budget Reserve Fund and other resources are sufficient to address those deficits.

Removed the requirement for agencies to analyze possible uses of surplus funds, including the Budget Reserve Fund, debt retirement, and pension liability funding.

Modified the list of required fiscal reports to remove surplus fund analysis while adding recession preparedness analysis, changing the overall focus of financial reporting from surplus management to deficit prevention.

Floor votes · Senate Jun 4, 2025 · House May 20, 2025

How they voted

36–0
Passed
Total votes 36
Jun 4, 2025
D Democratic25
25 Yea
100% Yea
R Republican11
11 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
18
Key actions
4
Committee
2
Jul 8, 2025
Signed into law
SIGNED BY GOVERNOR
lower
Jun 4, 2025
Upper · Passed
SENATE PASSED
upper
May 20, 2025
Lower · Passed
HOUSE PASSED
lower
Apr 24, 2025
Lower · Passed
Joint Favorable Substitute
lower
Mar 27, 2025
Committee
REF. TO JOINT COMM. ON Finance, Revenue and Bonding
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.