OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
SB-859
AN ACT CONCERNING CERTAIN DEPOSITS IN THE
DEPARTMENT OF VETERANS AFFAIRS' INSTITUTIONAL
GENERAL WELFARE FUND.
Primary Analyst: LD 3/30/21
Contributing Analyst(s):
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 22 $ FY 23 $
Resources of the General Fund GF – Revenue Loss $243,000 $243,000
Veterans' Affairs, Dept. IGWF – Revenue
Gain
$243,000 $243,000
IGWF=Institutional General Welfare Fund
Municipal Impact: None
Explanation
The bill results in a General Fund revenue loss of approximately
$243,000 in FY 22 and FY 23 and an associated revenue gain to the
Institutional General Welfare Fund due to redirecting pharmaceutical
deposits.
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to inflation.