When lawmakers passed the Child Victims Act in January the financial impact of the bill was left to be determined.
Even as hundreds of plaintiffs filed lawsuits this week under the new law, that impact still isn’t totally clear.
“We still don’t know how many people are going to come forward and they have a whole year to come forward before we figure out what the total number would be,” SUNY economist Fred Floss said.
The obvious impact would seem to be the cost to the court system taking on a heavy new case load. However, Floss believes it won’t necessarily be a major expense.
“The court may very well take some time to make sure that everybody is treated fairly and again it’s going to be how the court decides to take on these cases,” he said.
But there are other potential costs that should be considered as well.