OPM: Key Benefit Of Guardrails Is That They Also Protect Essential Services

By Jamil Ragland, CTNewsJunkie.com 

Connecticut may face a “fiscal cliff” in the upcoming year thanks to a confluence of factors including the end of federal funding and the state’s stringent fiscal guardrails, according to new reports from Yale University and The Connecticut Project.

The reports, collectively titled “Connecticut’s Fiscal Guardrails: A Data-Driven Analysis,” lay out the case that even though Connecticut has recorded record surpluses in the last few years and is projecting another in FY26, the state is potentially facing “severe austerity” due to the end of federal funding the state has relied on through the American Rescue Plan Act, or ARPA. At the same time, the state’s fiscal guardrails may exacerbate the problem.

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