OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 ¯ (860) 240-0200

http: //www. cga. ct. gov/ofa

sHB-5486

AN ACT CONCERNING GAMING PRODUCTS AND RAFFLE PRIZES.

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 07 $

FY 08 $

Spec. Revenue, Div. of

GF - Revenue Gain

Minimal

Minimal

Note: GF=General Fund

Municipal Impact: None

Explanation

The bill is estimated to result in a minimal revenue gain of approximately $9,000 from permit fees collected by the Division of Special Revenue (DSR).

The bill also requires DSR to buy sheet tickets for sale back to qualifying organizations as fundraising items, as a service to those organizations. The cost to buy the ticket sheets is approximately $5,500, but will be recovered from sales to organizations.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.