OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

HB-7019

AN ACT CONCERNING THE MINIMUM BUDGET REQUIREMENT.

AMENDMENT

LCO No.: 6887

File Copy No.: 632

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 amendment strikes the underlying bill and eliminates its associated fiscal impact resulting in the fiscal impact below,

The amendment 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 amendment 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.

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.