OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

HB-6704

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

AMENDMENT

LCO No.: 8471

House Calendar No.: 678


OFA Fiscal Note

State Impact: See Below

Municipal Impact: See Below

Explanation

The amendment adopts revenue estimates for the 2013-2014 Biennium. These estimates are the sum total of: 1) April 30, 2013, 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.

Biennial Budget Balance

Fund

FY 14 $

FY 15 $

Approp.

Revenue

Surplus/
(Deficit)

Approp.

Revenue

Surplus/
(Deficit)

General

17,186.0

17,190.1

4.1

17,504.8

17,507.5

2.7

Special Transportation

1,243.2

1,243.7

0.5

1,322.3

1,322.7

0.4

Other Appropriated

174.6

175.3

0.7

178.7

179.7

1.0

TOTAL

18,603.7

18,609.1

5.3

19,005.8

19,009.9

4.1

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.