OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT ADJUSTING THE STATE BUDGET FOR THE BIENNIUM ENDING JUNE 30, 2017.
LCO No.: 6400
OFA Fiscal Note
State Impact: See Below
Municipal Impact: None
The amendment changes the calculation of the spending cap by:
1) Bringing statutory grants to distressed municipalities and certain expenditures for implementation of federal mandates or court orders under the spending cap;
2) Requiring calculations of the spending cap to use annual growth rates on a fiscal year basis. The impact of this change would depend upon the relative growth rates between fiscal and calendar years. Section 35 of PA 15-244 requires the use of fiscal, rather than calendar, years in spending cap calculations for the 2016-2017 Biennial Budget; and
3) Requiring any excess expenditures authorized in a fiscal year to be excluded from the base for calculating subsequent years.
Lastly, the amendment repeals authorization for the Spending Cap Commission, which could result in a minimal savings associated with foregone reimbursements for travel expenses incurred by state employees.
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.