OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
AN ACT ELIMINATING THE MUNICIPAL SPENDING CAP.
OFA Fiscal Note
State Impact: None
Municipal Impact: See Below
The bill eliminates a municipal spending cap, which was imposed during the creation of the Municipal Revenue Sharing Account in PA 15-244, the FY 16 and FY 17 budget.
The bill precludes any decrease in municipal spending that would have occurred as a result of the spending cap.
The Out Years
The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.