OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT CONCERNING THE BUDGET FOR THE BIENNIUM ENDING JUNE 30, 2013.
LCO No.: 8775
OFA Fiscal Note
The amendment requires the General Assembly to convene in special session to vote on a SEBAC agreement within five days of its filing, or August 31, 2011, otherwise the agreement is deemed rejected. If an agreement is approved, the underlying bill assumes a savings lapse of $700.7 million in FY 12 and $901.2 million in FY 13. The extent to which the amendment may impact the achievement of the savings is uncertain.
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 chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.