OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-423

AN ACT ELIMINATING THE MUNICIPAL SPENDING CAP.


OFA Fiscal Note

State Impact: None

Municipal Impact: See Below

Explanation

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.