OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-1501

AN ACT CONCERNING ZERO CARBON PROCUREMENT.

AMENDMENT

LCO No.: 10095


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 17

FY 18

Legislative Mgmt.

GF - Cost

Less than 7,500

Less than 7,500

Note: GF=General Fund

Municipal Impact: None

Explanation

The bill requires the Office of Fiscal Analysis (OFA) to prepare a ratepayer impact statement for any bill before the General Assembly that would have a fiscal impact on electric ratepayers and prohibits the House or Senate from acting on a bill without a ratepayer impact statement, starting with the 2019 legislative session.

The statement must assess whether the bill would increase, decrease, or have no impact on the cost of electricity for the majority of Connecticut ratepayers.

As OFA does not currently have expertise identifying ratepayer impacts, OFA will incur one-time costs, estimated to be less than $7,500 in FY 17, associated with training for all analysts.

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.