OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-6492

AN ACT CONCERNING THE CONFIDENTIALITY OF EMPLOYEES SUPPLYING INFORMATION TO THE AUDITORS OF PUBLIC ACCOUNTS.

AMENDMENT

LCO No.: 6884

File Copy No.: 506

House Calendar No.: 323

Senate Calendar No.: 571


OFA Fiscal Note

POTENTIAL SIGNIFICANT COST

The amendment, which requires the Auditors to audit two municipalities of a certain size, could result in a significant cost to the state. It is anticipated that the Auditors would contract a Certified Public Accounting (CPA) firm to perform these audits. The cost to audit one small town could range from $25,000 - $150,000.

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.