Fiscal Note
SB0002S02 - Minimum School Program and Public Education Budget Amendments
State Impact:
Enactment of this bill appropriates $946,200 from the General Fund, ($2,048,016,623) from the Uniform School Fund, $2,349,878,586 from the Education Fund, $12,708,000 from the Education Fund, one-time, and $1,000 from federal, restricted and dedicated credits revenue to support FY 2011 expenditures in the Minimum School Program, School Building Program, and state education agencies as outlined in the bill. Further, enactment of this bill allows for a student enrollment increase in charter schools of 6,000 in FY 2012. The cost associated with these additional students, based on the current statutory formula is approximately $9,600,000. The overall cost may increase or decrease depending on the actual number of students that are expected to enroll in charter schools in FY 2012 and the impact of the formula changes.
| Funding Source | FY 2010 Approp. | FY 2011 Approp. | FY 2012 Approp. | FY 2010 Revenue | FY 2011 Revenue | FY 2012 Revenue |
| General Fund | $0 | $946,200 | $946,200 | $0 | $0 | $0 |
| Uniform School Fund | $0 | ($2,048,016,623) | $0 | $0 | $0 | $0 |
| Education Fund | $0 | $2,349,878,586 | $2,349,878,586 | $0 | $0 | $0 |
| Education Fund, One-Time | $0 | $12,708,000 | $0 | $0 | $0 | $0 |
| Other | $0 | $1,000 | $1,000 | $0 | $0 | $0 |
| Total | $0 | $315,517,163 | $2,350,825,786 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
School districts, charter schools, and state education agencies may see an increase or decrease in state funding levels depending on their participation in programs contained in this bill.
| 3/11/2010, 8:30:04 PM, Lead Analyst: Leishman, B./Attny: AOS | Office of the Legislative Fiscal Analyst |