OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 ↓ (860) 240-0200
http: //www. cga. ct. gov/ofa
sHB-5170
AN ACT STREAMLINING TRAFFIC SAFETY EVALUATIONS.
OFA Fiscal Note
Municipalities |
Effect |
FY 13 $ |
FY 14 $ |
Various Municipalities |
Potential Cost |
See Below |
See Below |
Explanation
The bill requires municipalities to cover the costs associated with installing traffic improvements for certain developments. The extent to which municipalities incur costs depends on the number of eligible developments and the scope of the traffic improvements. A new traffic signal would cost a municipality between $30,000-$100,000; however, it is anticipated that the amount of occurrences would be minimal.
The bill also changes the State Traffic Commission to the Office of State Traffic Administration within the state Department of Transportation. This has no fiscal impact.
The Out Years
The annualized ongoing fiscal impact identified above would continue into the future subject to the number of eligible developments and the cost of installing traffic improvements for such developments.