OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

HB-5045

AN ACT ESTABLISHING ACCOUNTABILITY FOR FAIR AND AFFORDABLE HOUSING THROUGH ZONING REGULATIONS.


OFA Fiscal Note

State Impact: None

Municipal Impact:

Municipalities

Effect

FY 19 $

FY 20 $

Various Municipalities

Revenue Loss

Potential Significant

Potential Significant

Explanation

The bill requires municipalities to demonstrate, or risk losing discretionary state funding, that their regulations comply with the bill's requirements concerning housing and zoning regulations.

There is a potentially significant revenue loss to municipalities that to not demonstrate that their regulations meet the bill's provisions. The revenue loss will vary based on the specific grant programs impacted. In FY 18, an estimated $4.4 billion in municipal aid was provided.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to municipal aid funding levels.