OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-957

AN ACT CONCERNING THE REGULATION OF GAMING AND THE AUTHORIZATION OF A CASINO GAMING FACILITY IN THE STATE.

AMENDMENT

LCO No.: 8216

File Copy No.: 310

House Calendar No.: 569

Senate Calendar No.: 173


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 18 $

FY 19 $

Policy & Mgmt., Off.

GF- Casino Mitigation Account - Revenue Gain

See Below

See Below

Municipal Impact: None

Explanation

The amendment specifies that five percent of gross gaming revenue be deposited in the “casino mitigation account” established in Section 501 of the amendment. To the extent a casino is authorized under the bill, this results in a significant revenue gain to the “casino mitigation account.”

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.