Fiscal Note
HB0190 - State System of Higher Education Amendments
State Impact:
This bill moves some of the governance of higher education from the State Board of Regents to individual institutions' boards of trustees. While this provision would not have any short-term fiscal impact, if the boards of trustees were to expand programs, costs would increase.
The bill also provides a tax credit for tuition and fees paid for higher education. The anticipated loss of Education Fund revenue is estimated at $88.7 million.
Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
Education Fund | $0 | $0 | $0 | $0 | ($88,700,000) | ($88,700,000) |
Total | $0 | $0 | $0 | $0 | ($88,700,000) | ($88,700,000) |
Individual, Business and/or Local Impact:
Students who have both an income tax liability and pay higher education tuition and fees would be able to claim a credit of 25% of those fees paid.
2/19/2008, 3:04:46 PM, Lead Analyst: Pratt, S. | Office of the Legislative Fiscal Analyst |