OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 ¯ (860) 240-0200

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

SB-545

AN ACT CONCERNING HOUSING PRESERVATION.

AMENDMENT

LCO No.: 4204

File Copy No.: 112

Senate Calendar No.: 129

OFA Fiscal Note

State Impact: None

Municipal Impact:

Municipalities	Effect	FY 07 $	FY 08 $
All Municipalities	STATE MANDATE - See Below	See Below	See Below

Explanation

The bill requires municipalities to calculate real property assessment of rental property where at least 30% of the units are rent-subsidized differently than under current law. Therefore affected municipalities could increase their mill rates or modify their spending to offset any decrease in property taxes as a result of the bill.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either House thereof for any purpose.