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.: 8596

House Calendar No.: 678


OFA Fiscal Note

State Impact: See Below

Municipal Impact: None

Explanation

The amendment increases appropriations to the Department of Social Services (DSS) by $157.7 million in FY 14 and $293 million in FY 15. Specifically, the amendment increases the Medicaid appropriation by $36.9 million in FY 14 and $37.9 million in FY 15, and increases the Disproportionate Share- Medical Emergency Assistance account by $120.8 million in FY 14 and $255 million in FY 15.

The amendment lowers the rate of the state Earned Income Tax Credit (EITC) to 10% of the federal EITC, which results in a revenue gain of approximately $62.7 million and $77.0 million in FY 14 and FY 15, respectively.

The amendment also require the Office of Policy and Management to recommend Personal Services reductions of $50.5 million in FY 14 and $162 million in FY 15, associated with adopting a 50% refill rate for certain vacancies.

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.