OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-928

AN ACT ESTABLISHING A TASK FORCE TO STUDY METHODS OF DEVELOPING, EXPANDING AND IMPROVING THE INSURANCE INDUSTRY WORKFORCE IN THIS STATE.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 18 $

Various State Agencies

GF - Potential Cost

Less than $1,000

Note: GF=General Fund

Municipal Impact: None

Explanation

The bill establishes a task force to study and develop strategies to develop, expand and improve the insurance industry workforce in the state.

There may be a cost of less than $1,000 in FY 18 to those agencies participating in the task force to reimburse legislators and agency staff for mileage expenses, currently at 53.5 cents/mile.

The Out Years

There is no ongoing fiscal impact because the task force terminates in FY 18.