SB 151 — AN ACT ESTABLISHING A FULL EMPLOYMENT TRUST FUND.

Senate General Assembly CommitteeFile Bill No.

151231 January Session, 2023 LCOSenate Bill No.

6047151 ReferredSenate, toMarch 28, 2023 The Committee on LABORLabor ANDand PUBLICPublic EMPLOYEESEmployees Introducedreported by:through SEN.

(LAB)KUSHNER ANof ACTthe ESTABLISHING24th ADist., FULLChairperson EMPLOYMENTof TRUSTthe FUND.Committee on the part of the Senate, that the bill ought to pass.

AN ACT ESTABLISHING A FULL EMPLOYMENT TRUST FUND.

The commissioner shallshallsubmit submit such study,study,inaccordance in accordance with the provisions of section 11-4a of the general statutes, to the joint standing committee of the General Assembly having cognizance of matters relating to labor and public employees not later than January 1, 2024.

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151231 This1 actSB151 shallFile takeNo. effect as follows and shall amend the following sections:

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Section 1 from passage New section LAB Joint Favorable SB151 / File No.

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231 The following Fiscal Impact Statement and Bill Analysis are prepared for the benefit of the members of the General Assembly, solely for purposes of information, summarization and explanation and do 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.

OFA Fiscal Note State Impact:

Agency Affected Fund-Effect FY 24 $ FY 25 $ Labor Dept.

GF - Potential Up to None Cost 275,000 Note:

GF=General Fund Municipal Impact:

None Explanation The bill requires the Labor Commissioner to study the establishment of a "full employment trust fund" to award grants for the purpose of creating employment opportunities and job-training programs, which must include an examination of existing employment opportunity/job training programs and a fund feasibility analysis.

The fiscal impact is dependent on the breadth and depth of the study.

A limited study could be accomplished by the agency without the need for additional resources.

A broader study would result in a one-time cost of up to $275,000 in FY 24 only for consultant services.

1 The Out Years None.

For comparison purposes, in July 2022 an allocation of $275,000 was provided to the Office of Workforce Strategy to study a segment of the workforce development system that required a similar analysis as the one required under the bill.

SB151 / File No.

231 3 SB151 File No.

231 OLR Bill Analysis SB 151 AN ACT ESTABLISHING A FULL EMPLOYMENT TRUST FUND.

SUMMARY The Office of Legislative Research does not analyze Special Acts.

COMMITTEE ACTION Labor and Public Employees Committee Joint Favorable Yea 12 Nay 0 (03/16/2023) SB151 / File No.

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