OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-5340

AN ACT CONCERNING THE REPLACEMENT OF HOUSING PROJECTS BY HOUSING AUTHORITIES.

AMENDMENT

LCO No.: 6032

File Copy No.: 773

House Calendar No.: 126

Senate Calendar No.: 561

OFA Fiscal Note

State Impact: None

Municipal Impact:

Municipalities

Effect

FY 17 $

FY 18 $

Various Municipalities

Potential Savings

Minimal

Minimal

Explanation

The amendment results in potential minimal savings to certain municipalities by modifying the thresholds needed to qualify for a four-year moratorium on the affordable housing land use appeals procedure.

To the extent that certain municipalities participate in fewer legal hearings as a result, there would be potential minimal savings to such municipalities associated with reduced legal and administrative expenses.

Certain modifications under the amendment are limited to five years only beginning on October 1, 2016.

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.