OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

SB-258

AN ACT CONCERNING AN INCREASE IN THE MAXIMUM ALLOWABLE UNEMPLOYMENT COMPENSATION TRUST FUND BALANCE.

AMENDMENT

LCO No.: 3280

File Copy No.: 155

House Calendar No.: 329

Senate Calendar No.: 137

OFA Fiscal Note

State Impact: See Below

Municipal Impact: None

Explanation

The amendment delays, by one year, the phase-in of a change to the calculation of the unemployment compensation trust fund balance tax. This results in a one-year delay in the ability of the fund to build its reserve goal, as described in the fiscal note on the underlying bill.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.