OFFICE OF FISCAL ANALYSIS Legislative Office Building, Room 5200 Hartford, CT 06106 (860) 240-0200 http://www.cga.ct.gov/ofa sHB-6692 AN ACT CONCERNING CERTAIN ARTS, CULTURE AND TOURISM GRANTS. Primary Analyst: EW 5/1/23 Contributing Analyst(s): Reviewer: MM OFA Fiscal Note State Impact: Agency Affected Fund-Effect FY 24 $ FY 25 $ Department of Economic & Community Development GF - Potential Cost See Below See Below Note: GF=General Fund Municipal Impact: None Explanation The bill results in a potential cost to the state by requiring the Department of Economic and Community Development (DECD) to develop a grant program to support tourism initiatives. DECD currently funds various statewide and local tourism initiatives. Any additional tourism programs would result in a cost that would be dependent upon the scope of the new program. The bill has no fiscal impact by requiring DECD to establish metrics and accountability measures for certain arts, culture, and tourism programs. This can be completed with existing staff and resources of the agency. The Out Years The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.