Fiscal Note - State of Utah - 2014 General Session
SB0002 - Public Education Budget Amendments
State Government (UCA 36-12-13(2)(b)):
This bill appropriates $176,038,000, including $111,916,200 from the Education and Uniform School Funds for FY 2015 to support state and local education agencies. This bill deposits $58,902,600 at the end of FY 2015 into the unrestricted Education Fund.
| State Budget Detail Table | FY 2014 | FY 2015 | FY 2016 |
| Revenue: | |||
| Education Fund, One-Time | $0 | $58,902,600 | $0 |
| Total Revenue | $0 | $58,902,600 | $0 |
| Expenditure: | |||
| Uniform School Fund | $0 | $9,000,000 | $9,000,000 |
| Uniform School Fund, One-time | $0 | $22,000,000 | $0 |
| Education Fund | $0 | $93,616,200 | $93,616,200 |
| Education Fund, One-Time | $0 | ($12,700,000) | $0 |
| Dedicated Credits | $0 | $2,082,600 | $2,082,600 |
| Restricted Funds | $0 | $9,616,000 | $9,616,000 |
| Local Revenue | $0 | $52,449,400 | $52,449,400 |
| Transfers | $0 | ($58,902,600) | $0 |
| Nonlapsing Funds | $0 | $58,560,600 | $0 |
| Other | $0 | $315,800 | $315,800 |
| Total Expenditure | $0 | $176,038,000 | $167,080,000 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($117,135,400) | ($167,080,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($53,013,600) | ($102,616,200) |
Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill likely will not result in direct, measurable costs for local governments.
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.
Performance Note Required? (Joint Rule 4-2-404): No
| 3/11/2014, 7:11:30 AM, Lead Analyst: Leishman, B./Attny: TJN | Office of the Legislative Fiscal Analyst |