OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sSB-229
AN ACT CONCERNING THE PROCESS BY WHICH A CHARTER IS
GRANTED AND FUNDING IS PROVIDED FOR A NEW CHARTER
SCHOOL.
Primary Analyst: SB 4/25/22
Contributing Analyst(s):
Reviewer: JS
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 23 $ FY 24 $
Education, Dept. GF -
Redistribution
See Below See Below
Note: GF=General Fund
Municipal Impact: None
Explanation
The bill establishes a non-lapsing charter school approval grant
account to provide initial funding for a local or state charter school that
has been granted a new charter. Any lapsing charter school funds will
not be returned to the General Fund (which has a General Fund impact,
estimated at $1.7 million in FY 23) but will be transferred to the charter
school approval grant account. The bill caps the number of new charters
that may be granted by the State Board of Education at two per fiscal
year, which limits the grant account's expenditures. The bill makes
various other procedural changes to the charter school approval
process, which are not anticipated to result in a fiscal impact.
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to inflation.