OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

HB-6704

AN ACT CONCERNING EXPENDITURES AND REVENUE FOR THE BIENNIUM ENDING JUNE 30, 2015.

AMENDMENT

LCO No.: 8599

House Calendar No.: 678


OFA Fiscal Note

State Impact: See Below

Municipal Impact: None

Explanation

The amendment increases funding for debt service by approximately $200 million in each year of the Biennium for a total of $400 million.

The amendment requires the Comptroller to implement a program for soliciting suggestions from state employees to improve the efficiency of state government and increases the statewide unallocated lapse savings target by $90 million.

The amendment limits the refill rate of vacant positions, which would result in significant state savings. It requires the Office of Policy and Management to recommend Personal Services reductions of $50.5 million in FY 14 and $162 million in FY 15, associated with adopting a 50% refill rate for certain vacancies.

Lastly, the amendment eliminates the Earned Income Tax Credit program, which would generate a savings of $104.5 million in FY 14 and $121.0 million in FY 15.

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.