OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-19

AN ACT ESTABLISHING THE TRANSIT CORRIDOR DEVELOPMENT ASSISTANCE AUTHORITY.

AMENDMENT

LCO No.: 4880

File Copy No.: 672

Senate Calendar No.: 275

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 17 $

FY 18 $

Comptroller- Fringe Benefits1

GF - Cost

See Below

See Below

Policy & Mgmt., Off.

GF - Cost

See Below

See Below

Note: GF=General Fund

Municipal Impact: None

Explanation

The amendment strikes the underlying bill and its associated fiscal impact.

The amendment grants to the Office of Policy and Management (OPM) the powers and responsibilities granted, in the underlying bill, to the Transit Corridor Development Assistance Authority. To the extent that OPM will need to hire additional staff to fulfill these new responsibilities, there is a cost to the General Fund. Such cost will vary based on the number of new employees needed. Any full time staff hired as a result of the amendment will increase state employee fringe benefit costs.

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 The fringe benefit costs for most state employees are budgeted centrally in accounts administered by the Comptroller. The estimated active employee fringe benefit cost associated with most personnel changes is 39.94% of payroll in FY 17 and FY 18.