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Download Zipped Introduced WP 6.1 SB0134.zip
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This bill will require an increase in the State and local government public safety retirement rates. The State rate will increase 4.17 percent requiring an appropriation of $3,424,200 from all funding sources. The rate increase will vary between local governmental entities ranging from 2.82 percent to 5.64 percent, depending on the organization involved. The rate for Salt Lake City will increase 5.64 percent, while Provo City's rate increase will be 3.96 percent. The fiscal impact on local government statewide could be over $3,000,000.

FY 01 Approp. FY 02 Approp. FY 01 Revenue FY 02 Revenue
General Fund $2,888,200 $2,888,200 $0 $0
Federal Funds $127,900 $127,900 $0 $0
Dedicated Credits Revenue $188,600 $188,600 $0 $0
Transfers $31,000 $31,000 $0 $0
GF Restricted $188,500 $188,500 $0 $0
TOTAL $3,424,200 0 $0 $0

Office of the Legislative Fiscal Analyst

2/3/00 2:49:34 PM

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