OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-32

AN ACT CONCERNING WORKING FAMILIES' WAGES.

AMENDMENT

LCO No.: 3116

File Copy No.: 24

Senate Calendar No.: 66


OFA Fiscal Note

State Impact: See Below

Municipal Impact: None

Explanation

The amendment applies $60.0 million of any unappropriated FY 14 General Fund surplus to interest due on federal loans to the state Unemployment Compensation Fund. This reduces our estimated FY 14 surplus as of March 25, 2014 from $519.3 million to approximately $459.3 million.

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.