OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-5021

AN ACT CONCERNING THE CITIZENS' ELECTION PROGRAM.

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 10 $

FY 11 $

FY 12 $

Elect. Enforcement Com.

GF - Savings

300,000 - 500,000

2,700,000 - 4,500,000

100,000

Note: GF=General Fund

Municipal Impact: None

Explanation

The bill would save the Citizens' Election Program (CEP) an estimated $3 million - $5 million during the November 2010 election cycle by:

(1) Reducing initial grants to candidates for statewide offices other than Governor;

(2) Eliminating independent expenditure and excess expenditure grants to candidates for any statewide office and replacing them with matching (according to contribution levels) supplemental grants; and

(3) Eliminating grants for unopposed statewide and legislative candidates.

The savings indicated above would be partially offset by the provision of the bill that changes the threshold for minor and petitioning party (“third party”) candidates for legislative offices to receive grants.

It is estimated that the cost of the November 2010 election will range from $32 million - $48 million under provisions within current law. The bill reduces this range to $29 million - $43 million, depending upon participation levels in the CEP.

The Citizens' Election Fund (CEF), which supports the CEP, has a balance of $43 million. The CEF is scheduled to receive approximately $18 million in revenue during FY 11 with a planned transfer of $7 million to the General Fund (net gain of $11 million) to help cover the FY 11 General Fund projected deficit. The total funds available are therefore approximately $54 million. It is uncertain whether or not the full $18 million in revenue will be deposited into the fund prior to the November 2010 election since the deposits are dependant upon the amounts and timing of funds generated from unclaimed property.


The Out Years

The ongoing fiscal impact identified above would vary according to the election cycle and is subject to inflation.