OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

HB-6948

AN ACT CONCERNING REGIONAL ECONOMIC DEVELOPMENT.

As Amended by House "A" (LCO 8835)

House Calendar No.: 342

Senate Calendar No.: 615


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 18 $

FY 19 $

Resources of the General Fund

GF - Potential Revenue Gain

Potential

Potential

Note: GF=General Fund

Municipal Impact:

Municipalities

Effect

FY 18 $

FY 19 $

Various Municipalities

Potential Revenue Gain

Minimal

Minimal

Explanation

To the extent that additional off-track betting facilities are authorized by the Department of Consumer Protection, the bill results in a potential revenue gain to the state and municipalities that host such facilities. The potential revenue gain to municipalities will vary based on the amount of money gambled at each facility.

House “A” strikes the underlying bill, which has no fiscal impact, and replaces it with the fiscal impact described above.

The Out Years

The fiscal impact described above will continue into the out years.

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.