The institutional framework (IF) is the set of formal rules and laws, practices, customs, and precedents, that shape the environment in which governments operate. Our assessment is mostly qualitative. We consider track record and future changes that are likely to shape the framework. The IF assessment includes the three subfactors: predictability (weighted at 25% of the assessment), revenue/expenditure balance and system support (50%), and transparency and accountability (25%). For additional information on how IFs are analyzed and assessed, please see the Institutional Framework section under Key Credit Factors in our " Methodology For Rating U.S. Governments ," Sept. 9, 2024. S&P Global Ratings considers the operating environment for Connecticut municipalities and school districts generally stable since the state revenue environment
