OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-1126

AN ACT CONCERNING REVISIONS TO CAMPAIGN FINANCE LAWS.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 16 $

FY 17 $

Resources of the Citizen's Election Fund

CEF - Savings

None

Less than $250,000

Note: CEF=Citizens Election Fund

Municipal Impact: None

Explanation

The bill modifies certain requirements for campaign expenditure reporting, establishes limits on certain types of expenditures, and modifies certain grant adjustments in the Citizens Election Fund.

The provisions which temporarily eliminate inflation adjustments to grants and reduce grants to unopposed candidates are anticipated to result in a savings to the resources of the Citizens Election Fund of less than $250,000 in FY 17 (for the 2016 election cycle).

The Out Years

There is no fiscal impact in the out years as the bill allows for inflation adjustments to Citizens' Election Program grants for the 2018 elections and thereafter.