OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-7019

AN ACT CONCERNING THE MINIMUM BUDGET REQUIREMENT.

As Amended by House "A" (LCO 6887)

House Calendar No.: 402

OFA Fiscal Note

State Impact: None

Municipal Impact:

Municipalities

Effect

FY 16 $

FY 17 $

Various Municipalities

Potential Savings

See Below

See Below

Explanation

The bill results in a potential savings to various municipalities in FY 16 and FY 17 by allowing for a reduction in education expenditures attributable to falling enrollments or documentable efficiencies. Such reductions in education expenditures may not be made by any town designated as an alliance district as defined in section CGS 10-262u. Additionally the bill provides that the minimum budget requirement (MBR) does not apply to any school district in the top ten percent of all districts based on the district performance index.

House “A” (LCO 6887) strikes the underlying bill and its associated fiscal impact and results in the impact stated above.

The Out Years

There is no fiscal impact in the out years as the bill pertains to FY 16 and FY 17.