Finance Advisory Committee
View current and past meeting agenda
Description
Section 4-87 of the General Statutes addresses the process for transfer and revision of appropriations. For FY 2025, however, Section 4 of Public Act 24-81 (House Bill 5523) adjusts the thresholds described in CGS Sec. 4-87 by requiring transfers to or from any specific appropriation of a sum or sums in any one fiscal year of over $350,000 or twenty-five percent of any specific appropriation, whichever is less, to receive approval of the Finance Advisory Committee. Additionally, Public Act 24-81 allows, with approval of the Finance Advisory Committee, for transfers from one agency to another during FY 2025 for the purposes of funding the actuarially determined employer contribution for the (1) State Employees Retirement Fund pursuant to section 5-156a of the general statutes, (2) the Teachers' Retirement Fund pursuant to section 10-183z of the general statutes, or (3) the retirement system for judges, family support magistrates and administrative law judges pursuant to section 51-41d of the general statutes.
Section 4-93 of the General Statutes requires that the legislative members of the FAC and the Office of Fiscal Analysis be furnished an agenda for each meeting at least seven calendar days prior to the meeting. In order to meet this statutory mandate, all requests for FAC action must be received by OPM in sufficient time for analysis and action. The schedule for FAC meetings for Fiscal Year 2025 and the dates by which requests must be received by OPM are provided at the link below for your information and guidance.
Members
Honorable Ned Lamont, Governor, State Capitol, Hartford, CT 06106
Honorable Susan Bysiewicz, Lt. Governor, State Capitol, Hartford, CT 06106
Honorable Sean Scanlon, State Comptroller, 165 Capitol Avenue, Hartford, CT 06106
Honorable Erick Russell, State Treasurer, 165 Capitol Avenue, Hartford, CT 06106
Senator Catherine Osten, Legislative Office Building, Room 2700, Hartford, CT 06106
Senator Heather Somers, Legislative Office Building, Room 3904, Hartford, CT 06106
Rep. Toni Walker, Legislative Office Building, Room 2702, Hartford, CT 06106
Rep. Lucy Dathan, Legislative Office Building, Room 4047, Hartford, CT 06106
Rep. Tammy Nuccio, Legislative Office Building, Room 4200, Hartford, CT 06106
Alternate Members
Senator Joan Hartley, Legislative Office Building, Room 2100, Hartford, CT 06106
Rep. Corey Paris, Legislative Office Building, Room 4033, Hartford, CT 06106
Rep. Anthony Nolan, Legislative Office Building, Room 5004, Hartford, CT 06106
Rep. Tim Ackert, Legislative Office Building, Room 4066, Hartford, CT 06106