OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-501

AN ACT ADJUSTING THE STATE BUDGET FOR THE BIENNIUM ENDING JUNE 30, 2017.

AMENDMENT

LCO No.: 6409

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 17 $

FY 18 $

Resources of the Citizen's Election Fund

Citizen's Election Fund

1,447,896

None

Education, Dept.

GF - See Below

1,447,896

None

Note: Various=Various; GF=General Fund

Municipal Impact:

Municipalities

Effect

FY 17 $

FY 18 $

Ansonia; Bristol; Manchester; Meriden; Milford; Windham

Revenue Gain

1,447,896

None

Explanation

The amendment transfers $1,447,896 from the Citizen's Election Fund to the General Fund for increases in ECS aid to Ansonia, Bristol, Manchester, Meriden, Milford and Windham.

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.