OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-5004
AN ACT CONCERNING THE IMPLEMENTATION OF CERTAIN
CLIMATE CHANGE MEASURES.
Primary Analyst: TM 4/25/24
Contributing Analyst(s):
OFA Fiscal Note
State Impact: None
Municipal Impact: None
Explanation
The bill establishes various requirements related to its Section 1
climate crisis declaration, and results in no fiscal impact to the state or
municipalities.
Section 2 requires the Public Utility Regulatory Authority (PURA) to
conduct a docket to determine how the state can address future natural
gas usage in relation to the state's target emission levels. This is expected
to be completed within existing resources.
Section 3, which establishes a preference for certain "green" jobs
under the JobsCT tax rebate program, does not result in any fiscal
impact as it does not alter the aggregate annual $40 million cap on the
program.
Section 4 requires the Department of Revenue Services
commissioner, in collaboration with the Department of Economic and
Community Development commissioner, to identify business fees that
are appropriate for waiver for environmentally sustainable certified B
corporations and farms. This does not result in any fiscal impact as the
agencies have the expertise to accomplish this requirement within
existing resources. 2024HB-05004-R010613-FN.DOCX Page 2 of 3
Section 5 has no fiscal impact by requiring Connecticut Innovations
(CI) to annually submit a report on investments and assistance provided
to companies engaged in matters related to the mitigation of climate
change. CI has the expertise to accommodate this report within existing
resources.
Section 6 requires DEEP to report on recommendations regarding the
sale and installation of heating and cooling systems that do not emit
greenhouse gases. This results in no fiscal impact as the agency has
sufficient expertise to complete this report.
Section 7 requires DEEP in conjunction with the Connecticut Green
Bank to develop a plan to install 310,000 heat pumps for residential
heating systems resulting in no fiscal impact.
Section 8, which requires the Office of Policy and Management
(OPM) to develop a model policy for environmentally sustainable
purchasing that municipalities may voluntarily utilize and implement,
does not result in a fiscal impact as OPM has the resources necessary to
develop the model policy.
Section 9 is not anticipated to result in a fiscal impact, as it requires
the Office of Policy and Management to authorize additional
reimbursement of eligible expenses under the Local Capital
Improvement Program (LoCIP) for FY 25 using any resources
appropriated for said purpose. Administration of LoCIP was changed
from a reimbursement program to a prospective grant beginning in FY
24 (PA 23-124).
Additionally, the LoCIP program is bond funded. The bill makes no
additional resources available for the program, either through the
authorization of bond funds or appropriations. The fiscal impact of any
legislation appropriating funds for an expanded purpose would be
noted in the fiscal note relevant to the other legislation.
2024HB-05004-R010613-FN.DOCX Page 3 of 3
The Out Years
State Impact: None
Municipal Impact: None