OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
SB-226
AN ACT INCREASING THE THRESHOLD FOR SEALED BIDDING
ON CERTAIN MUNICIPAL CONTRACTS.
Primary Analyst: JP 3/27/24
Contributing Analyst(s): LG
Reviewer: RW
OFA Fiscal Note
State Impact: None
Municipal Impact:
Municipalities Effect FY 25 $ FY 26 $
All Municipalities Savings Potential Potential
Explanation
The bill permits municipalities to increase the threshold for sealed
bidding for the award of any contract or the purchase of any real or
personal property by the municipality from $25,000 to $50,000.
There are potential savings to municipalities associated with reduced
administrative and advertising costs resulting from fewer contracts and
purchases requiring sealed bidding. The savings depend upon the
contracting process of a municipality. For example, municipalities that
advertise formal sealed bids would realize reduced marketing costs.
The Out Years
State Impact: None
Municipal Impact:
The annualized ongoing fiscal impact identified above would
continue into the future subject to inflation.