OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sSB-342
AN ACT CONCERNING FEDERAL REIMBURSEMENTS FOR
CERTAIN PHARMACEUTICAL PURCHASES.
Primary Analyst: LD 3/28/22
Contributing Analyst(s):
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 23 $ FY 24 $
Resources of the General Fund GF - Revenue
Loss
$337,000 $337,000
Department of Veterans' Affairs IGWF - Revenue
Gain
$337,000 $337,000
Note: IGWF = Institutional General Welfare Fund; GF = General Fund
Municipal Impact: None
Explanation
The bill results in a General Fund revenue loss of approximately
$337,000 in FY 23 and FY 24 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.