OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
SB-840
AN ACT CONCERNING CONNECTICUT'S SHELLFISH
RESTORATION PROGRAM AND THE CONNECTICUT SEAFOOD
COUNCIL.
AMENDMENT
LCO No.: 7495
File Copy No.: 144
Senate Calendar No.: 138
Primary Analyst: DD 4/27/21
Contributing Analyst(s): ()
OFA Fiscal Note
State Impact: None
Municipal Impact:
Municipalities Effect FY 22 $ FY 23 $
Various Municipalities Grand List
Reduction
None Potential
Explanation
The bill results in a potential grand list reduction in certain
municipalities by expanding the PA 490 program to include underwater
farmland used for aquaculture.
The bill results in a grand list reduction in a municipality where this
type of farmland exists to the extent that it is currently being assessed at
fair market value. Any grand list reduction results in a revenue loss,
given a constant mill rate. Due to the timing of the bill, any impact
would first occur in FY 23.
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.