OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

June 3, 2013

CORRECTION

To Fiscal Note on

HB-6704 (as amended)

EMERGENCY CERTIFICATION

AN ACT CONCERNING EXPENDITURES AND REVENUE FOR THE BIENNIUM ENDING JUNE 30, 2015.

The fiscal note contained a growth rate of 3.7% for the General Fund from FY 13 to FY 14. This figure was based on a downward adjustment in FY 13 estimated expenditures to account for the change in appropriating Medicaid from a Gross to a Net basis. After further review, the adjustment applied to Medicaid should have been slightly lower.

The table below replaces the growth rate table in the fiscal note – the bolded figures denote the changes.

FY 14 and FY 15 Budget Growth Rates (by fund – in millions)

Fund

FY 13 Est.

FY 14

FY 14

FY 15

FY 15

Expend.1

Approp.

Change

Approp.

Change

$

$

$

%

$

$

%

General

16,554.7

17,186.0

631.3

3.8%

17,504.8

318.8

1.9%

Transportation

1,214.9

1,243.2

28.3

2.3%

1,322.3

79.1

6.4%

Other Appropriated

170.3

174.6

4.3

2.5%

178.7

4.1

2.3%

TOTAL

17,939.9

18,603.7

663.8

3.7%

19,005.8

402.1

2.2%

1The FY 13 General Fund estimated expenditure from the DSS Medicaid account has been adjusted downward by $2.5 billion to reflect only the state share of the joint state/federal Medicaid program in DSS.

Please note: the above changes in figures do not affect the spending cap calculation or any funding levels in the FY 14 & FY 15 budget. The budget growth rate compares a base of estimated expenditure levels in FY 13 to the budgeted levels in FY 14 to measure the percent change in spending. For the above growth rate calculation, the FY 13 Medicaid figures were adjusted to account for the net appropriated policy change. The FY 13 base for the spending cap was adjusted for the appropriations levels for Medicaid in FY 13 since the cap calculation is based on appropriations. Given the difference in the type of bases, the change in estimated expenditures has no impact on the spending cap calculation.