OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT CONCERNING THE SALE OF MUNICIPAL WATER SUPPLY AND WASTEWATER UTILITY ASSETS.
OFA Fiscal Note
State Impact: See Below
Municipal Impact: See Below
The bill creates a process through which private water companies, when purchasing municipal water or wastewater systems, may include the lesser of either the sale price or the system's average fair market value in its rate base. This may increase rates paid to private water companies, including various state agencies and municipalities.
The Out Years
State Impact: See Above
Municipal Impact: See Above