OFFICE OF FISCAL ANALYSIS Legislative Office Building, Room 5200 Hartford, CT 06106 (860) 240-0200 http://www.cga.ct.gov/ofa sSB-1499 AN ACT IMPLEMENTING THE RECOMMENDATIONS OF THE STATE CONTRACTING STANDARDS BOARD. Primary Analyst: TM 4/2/25 Contributing Analyst(s): SB, ME, PM, BP, CR, ES, CW, EW Reviewer: PR OFA Fiscal Note State Impact: Agency Affected Fund-Effect FY 26 $ FY 27 $ State Contracting Standards Board GF - Cost 250,447 250,447 State Comptroller - Fringe Benefits 1 GF - Cost 101,957 101,957 Various State Agencies GF - Potential Cost See Below See Below Note: GF=General Fund Municipal Impact: None Explanation The bill results in a cost to the State Contracting Standards Board (SCSB) by expanding SCSB powers and duties to include quasi-public agencies. In order to fulfill the additional requirements, SCSB will need to hire three positions at a cost of $250,447 in salaries and $101,957 in fringe benefits in FY 26 and FY 27. Quasi-Public agencies: The bill results in a potential cost to quasi-public agencies to the extent that additional resources or personnel will be required to meet the additional reporting requirements and oversight created by the bill. 1 The fringe benefit costs for most state employees are budgeted centrally in accounts administered by the Comptroller. The estimated active employee fringe benefit cost associated with most personnel changes is 40.71% of payroll in FY 26. 2025SB-01499-R000498-FN.docx Page 2 of 2 In addition, the bill applies privatization laws to quasi-public agencies. This results in a potential cost to quasi-public agencies to the extent that additional resources and personnel will be required to meet the additional requirements of the privatization law. The Out Years The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.