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.: 8683

House Calendar No.: 678

Senate Calendar No.: 692


OFA Fiscal Note

See Below

The amendment reduces the General Fund revenue gain in the underlying bill by increasing the portion of certain mortgage fees remitted to the Community Investment Account.

The amendment also eliminates wage increases for non-union employees which is anticipated to result in savings of $17.6 million in FY 14 and $38.0 million in FY 15. 

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.