OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-404

AN ACT CONCERNING THE MINIMUM BUDGET REQUIREMENT, THE CARRY-OVER OF EDUCATION COST SHARING ACCOUNTABILITY FUNDS AND THE REPEAL OF AN OBSOLETE PUBLIC ACT SECTION.

AMENDMENT

LCO No.: 6578

File Copy No.: 645

Senate Calendar No.: 414

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 09 $

FY 10 $

Policy & Mgmt., Off.

GF - Savings

Potential

Potential

Note: GF=General Fund

Municipal Impact:

Municipalities

Effect

FY 09 $

FY 10 $

All Municipalities

Revenue Loss

Potential

Potential

Explanation

The amendment results in a potential revenue loss to any municipality that fails to meet their minimum budget requirement (MBR) as it would reduce PILOT funding by the state in an amount equal to the amount that the town failed to meet their MBR.

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.