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Passage of this bill would decrease the General Fund by $14,280,000 in FY 2001 and by $59,480,000 in FY 2002. After full implementation the General Fund loss would be approximately $152,800,000. There is a corresponding increase in the Uniform School Fund which would offset the loss of General Fund in each of the fiscal years. The Tax Commission would require an appropriation of $393,000 in FY 2001 and an appropriation of $15,000 in FY 2002 to implement the provisions of this bill.

FY 01 Approp. FY 02 Approp. FY 01 Revenue FY 02 Revenue
General Fund $189,000 $7,500 ($14,280,000) ($59,480,000)
Uniform School Fund $15,000 $0 $14,280,000 $59,480,000
Sales Tax Admin. Fee $189,000 $7,500 $0 $0
TOTAL $393,000 0 $0 $0

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2/22/00 11:58:25 AM


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