OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-5046

AN ACT CONCERNING THE SUSTAINABILITY OF TRANSPORTATION PROJECTS.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 19 $

FY 20 $

Treasurer, Debt Serv.

TF - Cost

See Below

See Below

Note: TF=Transportation Fund

Municipal Impact: None

Explanation

The bill may result in an initial cost to the Special Transportation Fund through Special Tax Obligation (STO) bond debt service for the construction of the electronic tolling system, although the state may be eligible to use Federal Funds if available. As the bill does not specify the state highways that electronic tolling will be placed on, it is estimated that once established the annual toll revenue may be between $600-$800 million which is dependent on several factors relating to toll rates and how many miles will be tolled.

The bill specifies that the toll revenue will be used according to federal law and be used for any debt service payments on the STO bonds.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future dependent on the installations of an electronic tolling system.