OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
CONTRIBUTING
sHB-5299
AN ACT INCREASING THE AGE FOR ELIGIBILITY FOR THE
POSTSECONDARY EDUCATION FUNDING PROGRAM OFFERED
BY THE DEPARTMENT OF CHILDREN AND FAMILIES.
Primary Analyst: JS 4/4/22
Contributing Analyst(s):
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 23 $ FY 24 $
Children & Families, Dept. GF - Cost 11.4 million
- 27 million
12.1 million
- 28.3
million
Note: GF=General Fund
Municipal Impact: None
Explanation
The bill, which extends postsecondary educational benefits to young
adults who are under the age of 26, is anticipated to result in a cost to
the Department of Children and Families (DCF) ranging from $11.4
million to $27 million in FY 23, and $12.1 million to $28.3 million in FY
24. The estimated costs differ depending on whether the program is
limited to tuition costs or also includes case management services, as are
currently provided to people who receive the DCF postsecondary
education benefit.
Estimated Bill Costs (In Millions of Dollars)
Provided: FY 23 FY 24 FY 25 FY 26 FY 27 FY 28
Tuition only 11.4 12.1 12.8 13.6 8.1 3.7
Tuition and case
management 27.0 28.3 29.6 30.9 18.2 8.2
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The Out Years
The program costs are anticipated to grow by approximately $700,000
to $1.3 million annually through FY 26, as shown in the table above. In
FY 27, five years after the program begins (when the population newly
eligible for benefits begins to finish degrees and age out of the program),
costs are projected to drop sharply, to $8.1 million to $18.2 million. Then
in FY 28 and beyond, costs are anticipated to range from approximately
$3.7 million to $8.2 million.
The fiscal impact identified above would continue into the future
subject to inflation in tuition and actual postsecondary enrollment
among the population affected by the bill.