Fiscal Note
HB0382S03 - Amendments to Education Funding
State Impact:
Enactment of this bill will appropriate $68,700,000 in ongoing Uniform School Fund revenues to the State Board of Education to implement the educator salary increases outlined in the bill. Enactment of this bill further provides $40,000,000 in one-time Uniform School Fund revenue to the State Board of Education to provide bonuses for educators and classified employees as outlined in the bill.
| Funding Source | FY 2007 Approp. | FY 2008 Approp. | FY 2009 Approp. | FY 2007 Revenue | FY 2008 Revenue | FY 2009 Revenue |
| Uniform School Fund | $0 | $68,700,000 | $68,700,000 | $0 | $0 | $0 |
| Uniform School Fund, One-time | $0 | $40,000,000 | $0 | $0 | $0 | $0 |
| Total | $0 | $108,700,000 | $68,700,000 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for businesses or local governments. Educators and classified employees meeting the requirements of the bill will benefit by receiving increased compensation.
| 2/26/2007, 6:43:28 PM, Lead Analyst: Leishman, B. | Office of the Legislative Fiscal Analyst |