The proposed bill, General Assembly Proposed Bill No. 310, seeks to amend section 2-33a of the general statutes to redefine the state "spending cap." The bill aims to limit the growth of all state expenditures, including off-budget items, by making two significant changes: it will eliminate inflation as a factor that could justify an increase in general budget expenditures and will allow the expenditure limit to increase solely based on growth in personal income.

The intent of this legislation is to create a more stringent framework for state spending by tying it directly to personal income growth rather than inflation, which could lead to higher expenditures. This change is designed to ensure that state spending remains more controlled and predictable, potentially leading to better fiscal management.