OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sSB-1094
AN ACT AUTHORIZING BONDS OF THE STATE FOR CTNEXT
AND THE INNOVATION PLACE PROGRAM.
Primary Analyst: EMG 5/6/21
Contributing Analyst(s):
Reviewer: MM
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect Out Years
Treasurer, Debt Serv. GF - Potential
Cost
$90 million
Note: GF=General Fund
Municipal Impact: None
Explanation
The bill authorizes $64 million of General Obligation (GO) bonds.
The authorizations are effective as follows: $13.5 million in FY 23, $23.5
million in FY 24, $13.5 million in FY 25, and $13.5 million in FY 26. To
the extent bonds are fully allocated and expended, total debt service is
expected to be approximately $90 million over the 20-year duration of
the bonds.
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to the terms of any bonds issued.