OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sSB-456
AN ACT ESTABLISHING A PILOT PROGRAM FOR THE
DEVELOPMENT AND IMPLEMENTATION OF TEN -YEAR PLANS
TO ERADICATE CONCENTRATED POVERTY IN THE STATE.
AMENDMENT
LCO No.: 5213
File Copy No.: 587
Senate Calendar No.: 356
Primary Analyst: EW 5/7/24
Contributing Analyst(s): CW (FN)
OFA Fiscal Note
See Fiscal Note Details
The amendment creates a working group to address concentrated
poverty. To meet the requirements of this section the working group
may need to hire a consultant resulting in a potential cost to the Office
of Legislative Management in FY 25.
The amendment also establishes an enhanced tax rebate under the
JobsCT program for businesses employing at least one new full-time
equivalent (FTE) that lives in a concentrated poverty census tract. This
results in a revenue loss of less than $500,000 annually beginning as
early as FY 28.
1
The amendment makes other changes to the underlying bill which do
not result in a fiscal impact.
The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely
for the purposes of information, summarization and explanation and does not represent the intent of the General
Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of
informational sources, including the analyst’s professional knowledge. Whenever applicable, agency data is
consulted as part of the analysis, however final products do not necessarily reflect an assessment from any
specific department.
1
Under the JobsCT program, rebates are provided beginning in the third year after the
qualifying job is created.