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Former lawmaker Alex Knop urges changes to fiscal accountability report to better reflect municipal aid needs
Summary
Alex Knop, former legislator and mayor, told the Finance, Revenue and Bonding Committee the fiscal accountability report's statutorily mandated methodology distorts multi-year budget projections and disadvantages appropriated municipal aid.
Alex Knop, a former state lawmaker and mayor, testified in favor of House Bill 7,267 to change the statutory methodology used to prepare Connecticut’s fiscal accountability report. Knop said the current methodology mandates inclusion of fixed-cost driver growth in out-year projections while excluding growth in certain appropriated, nonfixed funds, which he said produces a distorted picture that disadvantages municipal aid and property-tax relief…
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