OFFICE OF FISCAL ANALYSIS Legislative Office Building, Room 5200 Hartford, CT 06106 (860) 240-0200 http://www.cga.ct.gov/ofa sSB-570 AN ACT AUTHORIZING A TRIBAL RESORT -CASINO IN BRIDGEPORT, SPORTS WAGERING, ONLINE CASINO GAMING AND ONLINE LOTTERY. AMENDMENT LCO No.: 7585 File Copy No.: 396 Senate Calendar No.: 250 Primary Analyst: DD 4/30/21 Contributing Analyst(s): () OFA Fiscal Note State Impact: None Municipal Impact: Municipalities Effect FY 22 $ FY 23 $ Bridgeport Revenue Loss See Below See Below Stratford Revenue Gain See Below See Below Explanation The amendment results in an approximately $520,000 increase in the amount owed to the Town of Stratford under State Property PILOT statute, and correspondingly results in a $520,000 decrease in the amount owed to the City of Bridgeport under the grant program. It does so by requiring the entire State Property PILOT payment for Sikorsky Airport to be paid to Stratford, rather than requiring 50% of the payment to be paid to Bridgeport. The actual impact to either town will depend on the amount of funding provided for the State Property PILOT grant in FY 22 and annually thereafter. PA 21-3 specifies a wealth-based, proportionate distribution method for the grant in the event that appropriations are 2021SB-00570-R00LCO07585-FNA.DOCX Page 2 of 2 insufficient to fully fund the grant. As the amendment shifts funding between towns, there is no impact on the overall cost to the State to fully fund the State Property PILOT. 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.