OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-1033

AN ACT ESTABLISHING A TAX CREDIT FOR GREEN BUILDINGS.

AMENDMENT

LCO No.: 7796

File Copy No.: 986

Senate Calendar No.: 337

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 10 $

FY 11 $

Legislative Mgmt.

GF - Cost

See Below

See Below

Comptroller Misc. Accounts (Fringe Benefits) 1

GF - Cost

See Below

See Below

Note: GF=General Fund

Municipal Impact: None

Explanation

The amendment requires that each bill include an employment impact statement prepared, within available appropriations, by the Office of Fiscal Analysis (OFA) and the Office of Legislative Research (OLR) .

OFA or OLR will require up to two additional positions, at an annualized cost of $120, 000, plus fringe benefits, to perform an employment impact statement on each bill.

The requirement that the employment impact statements be prepared within available appropriations will likely result in one of four outcomes: (1) OFA or OLR will proceed with the development of employment impact statements, and may require a deficiency appropriation during FY 10; (2) OFA or OLR will delay the implementation of the employment impact statements pending the approval of additional appropriations to meet this mandate in future fiscal years; (3) OFA or OLR will shift staff resources from other office priorities, thereby impacting existing office responsibilities and duties; or (4) OFA or OLR will not be able to prepare employment impact statements.

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.

1 The fringe benefit costs for state employees are budgeted centrally in the Miscellaneous Accounts administered by the Comptroller on an actual cost basis. The following is provided for estimated costs associated with additional personnel. The estimated non-pension fringe benefit rate as a percentage of payroll is 25.43%. Fringe benefit costs for new positions do not initially include pension costs as the state's pension contribution is based upon the 6/30/08 actuarial valuation for the State Employees Retirement System (SERS) which certifies the contribution for FY 10 and FY 11. Therefore, new positions will not impact the state's pension contribution until FY 12 after the next scheduled certification on 6/30/2010.