OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

HB-6967

AN ACT ESTABLISHING THE CEDAR HILLS INFRASTRUCTURE IMPROVEMENT DISTRICT WITHIN THE TOWN OF NORTH HAVEN.


OFA Fiscal Note

State Impact: None

Municipal Impact:

Municipalities

Effect

FY 16 $

FY 17 $

North Haven

Cost

Less than $5,000

None

Explanation

The bill allows for the establishment of the Cedar Hills Infrastructure Improvement District in the Town of North Haven. There is a minimal, one-time cost to North Haven, estimated at less than $5,000 in FY 16, associated with holding any public meetings or referenda, and with publishing associated public notices necessary to establish the district.

The bill allows the District to issue revenue bonds to support its duties. This has no impact to the town or the State, as the language specifies that such revenue bonds are not the responsibility of the Town of North Haven or the State of Connecticut.

Depending on the extent of services provided by the District, there could be a savings to the Town of North Haven as the costs of providing public services shifts from the Town to the District.

The Out Years

Costs to the Town of North Haven will only occur in FY 16 and will have no impact in the out years. Any potential savings identified above would continue into the future subject to the extent of the services provided by the District.