Fiscal Note - State of Utah - 2011 General Session
HB0313 - Charter School Funding Amendments
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill may increase the cost from the Education Fund to the Minimum School Program by $984,400 based on changes to the Charter School Local Replacement formula outlined in the bill. Currently, school districts pay 25 percent of their district per pupil local revenues towards the total cost of the local replacement. Enactment of this bill will increase the district contribution to 100 percent of per pupil local revenues based on the phase-in outlined in the bill. The state will continue to provide a replacement for the state average local property tax revenues generated in the districts, as well as, an average replacement for state property tax guarantee programs as outlined in the bill.
| State Budget Detail Table | FY 2011 | FY 2012 | FY 2013 |
| Revenue | $0 | $0 | $0 |
| Expenditure: | |||
| Education Fund | $0 | $984,400 | $984,100 |
| Total Expenditure | $0 | $984,400 | $984,100 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($984,400) | ($984,100) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($984,400) | ($984,100) |
Local Governments (UCA 36-12-13(2)(c)):
School districts that have resident students attending a charter school will contribute to the cost of the local replacement at a greater rate over the next thirteen years as outlined in the bill. Based on the current formula, school districts may contribute approximately $15.9 million to the cost of the local replacement in FY 2012. The actual amount will vary depending on the total number of students entering charter schools this fall.
Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill likely will not result in direct, measurable expenditures by Utah residents or businesses.
| 2/23/2011, 12:56:52 PM, Lead Analyst: Leishman, B./Attny: AOS | Office of the Legislative Fiscal Analyst |