OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT CONCERNING THE STATE BUDGET FOR THE BIENNIUM ENDING JUNE 30, 2017, AND MAKING APPROPRIATIONS THEREFOR, AND OTHER PROVISIONS RELATED TO REVENUE, DEFICIENCY APPROPRIATIONS AND TAX FAIRNESS AND ECONOMIC DEVELOPMENT.
LCO No.: 9372
OFA Fiscal Note
The amendment changes various definitions of the spending cap statute that would result in the appropriations included in the bill exceeding the spending cap by approximately $105 million in FY 15, $138.3 million in FY 16 and $17 million in FY 17.1
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.
1 It should be noted that lines 25 and 26 of the amendment conflict with provisions of Section 35 of the underlying bill. Thus it is unclear which growth rate would apply in the calculation of the spending cap.