General Assembly Proposed Bill No. 5852
January Session, 2013 LCO No. 1312
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. LEMAR, 96th Dist. REP. CANDELARIA, 95th Dist. REP. MEGNA, 97th Dist. SEN. HARP, 10th Dist. REP. DILLON, 92nd Dist. REP. WALKER, 93rd Dist. SEN. LOONEY, 11th Dist. REP. HOLDER-WINFIELD, 94th Dist.
General Assembly
Proposed Bill No. 5852
January Session, 2013
LCO No. 1312
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. LEMAR, 96th Dist.
REP. CANDELARIA, 95th Dist.
REP. MEGNA, 97th Dist.
SEN. HARP, 10th Dist.
REP. DILLON, 92nd Dist.
REP. WALKER, 93rd Dist.
SEN. LOONEY, 11th Dist.
REP. HOLDER-WINFIELD, 94th Dist.
AN ACT CONCERNING THE FINANCING OF THE NEW HAVEN MEDICAL DISTRICT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to enable the New Haven Medical District to use the Multiple State/Local Tax Increment Financing (MTIF) a blend of property tax, sales and income taxes, dedicating forty per cent to certain state and local tax revenue streams. The revenue would be used to supplement cash flows and enable infrastructure and gap financing.
Statement of Purpose:
To provide additional options for financing the growth of the medical district.