OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-1239

AN ACT CONCERNING THE BUDGET FOR THE BIENNIUM ENDING JUNE 30, 2013.

AMENDMENT

LCO No.: 5751

OFA Fiscal Note

State Impact: See Below

Municipal Impact: See Below

Explanation

The amendment adopts revenue estimates for the 2012-2013 Biennium. These estimates are the sum total of: 1) April 29, 2011, consensus estimates of current law revenues; and 2) revenue estimates of the various policy changes in the bill. Compared to the Appropriations in the bill, the revenue estimates in the amendment would yield the surpluses indicated below.

Fund

FY 12 ($ - millions)

FY 13 ($ - millions)

 

Revenue Estimate

Approp.

Surplus/ (Deficit)

Revenue Estimate

Approp.

Surplus/ (Deficit)

General

18, 719.6

18, 350.3

369.3

19, 416.6

18, 781.8

634.8

Transportation

1, 305.4

1, 303.9

1.5

1, 336.7

1, 334.2

2.5

Other Appropriated1

171.3

170.9

0.4

169.8

169.3

0.5

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 Includes the following: Mashantucket Pequot and Mohegan Fund; Regional Market Operation Fund; Banking Fund; Insurance Fund; Consumer Counsel and Public Utility Control Fund; Workers' Compensation Fund; Criminal Injuries Compensation Fund; and Soldiers, Sailors and Marines' Fund.