OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT CONCERNING EXPENDITURES AND REVENUE FOR THE BIENNIUM ENDING JUNE 30, 2015.
LCO No.: 8596
House Calendar No.: 678
OFA Fiscal Note
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.