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.

AMENDMENT

LCO No.: 8547

File Copy No.: 718

Senate Calendar No.: 405


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 16 $

FY 17 $

Resources of the Citizen's Election Fund

CEF - Savings

None

Approximately $2.8 million

Governmental Accountability, Off.

GF - Potential Revenue Gain

See Below

See Below

Note: GF=General Fund; CEF=Citizen's Election Fund

Municipal Impact: None

Explanation

The amendment strikes the underlying bill and associated fiscal impact.

The amendment reduces candidate grants from the Citizen's Election Fund (CEF) by 25%. The amendment also eliminates grants to unopposed candidates. Such grant reductions are anticipated to result in a savings to the CEF of approximately $2.8 million in FY 17 (for the 2016 election cycle) and approximately $9 million in FY 19 (for the 2018 election cycle).

The amendment also increases certain fines. Doing so is anticipated to result in a revenue gain to the Office of Governmental Accountability; the level of which will be dependent upon the number of offenses committed.

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.