OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-194

AN ACT CONCERNING DEPARTMENT OF CONSUMER PROTECTION LICENSE STREAMLINING.


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 19 $

FY 20 $

Consumer Protection, Dept.

GF - Potential Revenue Loss

Under 1,000

Under 1,000

Note: GF=General Fund

Municipal Impact: None

Explanation

This bill changes the fee for lapsed Community Association Manager Registrations from $50 to $20 and results in a potential revenue loss of under $1,000. In FY 17, there were 14 people who paid the $50 fee which would have resulted in a revenue loss of $420 if the fee was $20.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.