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 it 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 the spending cap directly to personal income growth rather than inflation. This change is designed to ensure that state expenditures do not outpace the financial growth of its residents, thereby promoting fiscal responsibility and accountability in state budgeting practices.