OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-6366

AN ACT CONCERNING THE ESTABLISHMENT OF THE DEPARTMENT OF HOUSING.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 14 $

FY 15 $

Department of Housing

GF - Potential Cost

Less than 1,000

Less than 1,000

Municipal Impact: None

Explanation

The bill implements the Governor's budget by transferring various housing programs from the Department of Economic and Community Development, the Department of Social Services, and the Office of Policy and Management to the Department of Housing (DOH). The total amount of funding transferring into DOH under the Governor's budget is $104,523,284 in FY 14 and $111,766,993 in FY 15 with 13 associated staff positions.

The bill also adds the Commissioner of Housing to various tasks forces, boards and councils pertaining to housing. There may be a cost of less than $1,000 to DOH for mileage expenses.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.