OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

June 7, 2017

ADDENDUM

To Fiscal Note on LCO No. 8814

sHB-6461, File No. 258

AN ACT CONCERNING UNEMPLOYMENT COMPENSATION.


In addition to the potential revenue gain from the deposit of delinquent taxes to the Unemployment Compensation Fund, there is also a potential revenue gain to the Employment Security Administration Fund associated with delinquent interest, fees, penalties, and assessments.

According to the Labor Department there is currently approximately $45 million in outstanding Unemployment Insurance Tax debt that is more than two years old.