OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

HB-6377

AN ACT CONCERNING GREEN BUILDING REGULATIONS.

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

Treasurer, Debt Serv.

GF - See Below

Treasurer, Debt Serv.

TF - See Below

All agencies with care & control of their buildings

GF - See Below

All agencies with care & control of their buildings

TF - See Below

Note: GF=General Fund; TF=Transportation Fund

Municipal Impact: None

Explanation

Delaying the implementation of “green building” standards postpones the potentially significant impacts on the operating budgets and debt service accounts of both the General Fund and Transportation Fund. Since building construction is financed with bond funds, any increase in construction costs due to implementing the standards would result in an increase in General Fund or Transportation Fund debt service costs. These additional construction costs could be offset by savings in the operations of the new buildings over their lifetime, especially in heating and ventilation costs. These savings are estimated by industry sources to be up to 30% of annual utility costs. Any General Fund operating budget savings would be achieved through the Department of Public Works (DPW), the Judicial Department, the University of Connecticut (UCONN) and any agency with care and control if its buildings. Any Transportation Fund operating budget savings would be achieved through the Department of Transportation (DOT) and the Department of Motor Vehicles (DMV).