OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT CREATING THE CONNECTICUT RETIREMENT SECURITY PROGRAM.
LCO No.: 5676
File Copy No.: 747
House Calendar No.: 227
Senate Calendar No.: 522
OFA Fiscal Note
Various State Agencies
GF - Potentially Delays Costs
Note: GF=General Fund
Potentially Delays Costs
The amendment strikes the language and associated fiscal impact in the underlying bill. The amendment, which requires the minimum wage to increase to $10.10 on January 1, 2017 or on the date in which job growth in the state exceeds three percent in the previous quarter, whichever is later, may delay the costs to the state and municipalities.
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.