OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
SB-127
AN ACT CONCERNING COMMUNITY INVESTMENT BOARDS
AND NEIGHBORHOOD ASSISTANCE.
Primary Analyst: DD 3/14/22
Contributing Analyst(s):
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 23 $ FY 24 $ The Out
Years
State
Comptroller -
Fringe Benefits
1
GF - Cost Up to 17,000 Up to 17,000 Up to 17,000
Policy & Mgmt.,
Off.
GF - Cost Up to 42,000 Up to 42,000 Up to 42,000
Policy & Mgmt.,
Off.
GF - Cost None None Potential
Note: GF=General Fund
Municipal Impact: None
Explanation
The bill requires certain large municipalities to establish community
investment boards and requires those boards to identify priorities for
the use of certain grants funded from the Municipal Revenue Sharing
Account (MRSA). Beginning in FY 23, the bill allows such municipalities
to spend a portion of their MRSA funding on the priorities of those
boards.
These provisions have no fiscal impact, as the bill does not change the
allocation or amount of MRSA funding in any year, nor does it restrict
a municipality’s use of such funding. Under current law, an estimated
1
The fringe benefit costs for most state employees are budgeted centrally in accounts
administered by the Comptroller. The estimated active employee fringe benefit cost
associated with most personnel changes is 40.53% of payroll in FY 23. 2022SB-00127-R000021-FN.DOCX Page 2 of 2
$424.7 million is estimated to be deposited into MRSA in FY 23.
The bill also requires the Office of Policy and Management (OPM) to
create and maintain a website allowing residents and organizations to
submit proposed solutions to specific urban area problems, and to offer
financial awards to residents and organizations that submit ideas that
become the basis for successful pilot programs. There is a cost of up to
$59,000 ($42,000 in salary and $17,000 in fringe benefits) annually for a
permanent, part time employee to maintain the Web site.
There is an additional cost to OPM to offer financial awards to
residents. This cost will vary based on the awards offered.
The bill also establishes a task force to study the (1) programs for
which state funding is utilized by nonprofit providers, and (2)
requirements imposed on nonprofit providers by state agencies and
compliance with those requirements by nonprofit providers. The task
force shall submit a report on its findings and recommendations to the
Planning and Development Committee by January 1, 2023. This has no
fiscal impact as PA 17-236 prohibits transportation allowances for task
force members.
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to changes in the General Fund revenue
diversion to the Municipal Revenue Sharing Account.