OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
HB-6402
AN ACT CONCERNING HIGHER EDUCATION.
AMENDMENT
LCO No.: 9546
File Copy No.: 302
House Calendar No.: 234
Primary Analyst: JS 5/27/21
Contributing Analyst(s): ()
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 22 $ FY 23 $
Board of Regents for Higher
Education
Various -
Revenue Loss
95,000 to
140,000
95,000 to
140,000
Note: Various=Various
Municipal Impact: None
Explanation
The amendment strikes the underlying bill and its associated fiscal
impact, and results in the fiscal impact described below.
Sections 10-13 prohibit any constituent unit institution from charging
a graduation fee, which results in an annual revenue loss to the Board
of Regents of approximately $95,000 to $140,000, beginning in FY 22.
The bill affects Charter Oak State College within the Board of Regents
as the other units do not charge a graduation fee.
The annual revenue loss to the Board of Regents is estimated to be
$95,000 to $140,000 based on Charter Oak's recent numbers of students
who have been charged the fee, a graduation fee of $225 in FY 22
(unchanged in recent years), and enrollment levels. Since Charter Oak
enrollment has been volatile, the estimate reflects a range of 429 to 619
students paying the graduation fee, which is ten percent lower and
higher than recent numbers of students who have paid the fee. 2021HB-06402-R00LCO09546-FNA.DOCX Page 2 of 2
The elimination of the Charter Oak graduation fee results in
approximately a 13 to 20 percent reduction in projected fee revenue, or
a total revenue reduction of 0.5 to 1 percent.
The other provisions contained in the amendment are not anticipated
to result in a fiscal impact to the state or municipalities.
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.