OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-1801

AN ACT CONCERNING THE STATE BUDGET FOR THE BIENNIUM ENDING JUNE 30, 2011, AND MAKING APPROPRIATIONS THEREFOR.

AMENDMENT

LCO No.: 9518

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

Elect. Enforcement Com.

Citizens' Election Fund - Revenue Loss

Treasurer

GF - Revenue Gain

Note: GF=General Fund

Municipal Impact: None

Explanation

The amendment eliminates the Citizens' Elections Program. The Citizens' Election Fund (CEF) is projected to have a balance of $43 million on June 30, 2009. This amendment returns $43 million to the General Fund. In addition, this amendment would prevent approximately $18 million in FY 10 and FY 11 from being transferred to the CEF from unclaimed property. The CEF currently has 36 employees that would be impacted by this amendment.

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.