OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sSB-447
AN ACT CONCERNING THE FAILURE TO FILE FOR CERTAIN
GRAND LIST EXEMPTIONS AND AUTHORIZING THE DEFERRAL
OF A CERTAIN MUNICIPALITY'S REAL PROPERTY
REVALUATION.
Primary Analyst: JP 4/12/24
Contributing Analyst(s): LG
Reviewer: RW
OFA Fiscal Note
State Impact: None
Municipal Impact:
Municipalities Effect FY 25 $ FY 26 $
Litchfield, Manchester,
Middletown, Thomaston, and
West Haven
Cost/Revenue
Loss
See Below None
Stratford Potential
Revenue
Impact
None See Below
Explanation
The bill allows taxpayers in Litchfield, Manchester, Middletown,
Thomaston, and West Haven to receive tax exemptions that they would
have otherwise been eligible to receive if they had not missed the filing
deadline for such exemptions in certain years. Depending on whether
the payments have already been made, this could result in a cost or
revenue loss to these municipalities to reimburse such taxpayers. It is
anticipated that any impact would only occur in FY 25.
The Out Years:
The bill allows Stratford to defer implementation of a revaluation by
one year. This will shift out any fiscal impacts of the revaluation by one
year to FY 27.