Fiscal Note
HB0471 - Educator Compensation Modifications
State Impact:
Enactment of this bill appropriates $6,000,000 in ongoing Uniform School Funds to the Uniform School Fund Teacher Salary Supplement Restricted Account to provide for the salary supplements to qualifying teachers as outlined in the bill. Bill provisions provide $5,000, plus employer-paid benefits, for each qualifying teacher. Estimates suggest that 1,201 Full Time Equivalent (FTE) teachers may qualify for the salary supplement. Based on these estimates, an additional $1,456,100 may be required to provide the salary supplement for each qualifying FTE, or a total amount of $7,456,100.
Enactment of this bill also appropriates $190,000 in ongoing General Fund and $127,000 in supplemental General Fund to the Department of Human Resource Management for costs related to administering the program.
| Funding Source | FY 2008 Approp. | FY 2009 Approp. | FY 2010 Approp. | FY 2008 Revenue | FY 2009 Revenue | FY 2010 Revenue |
| General Fund | $0 | $190,000 | $190,000 | $0 | $0 | $0 |
| General Fund, One-Time | $127,000 | $0 | $0 | $0 | $0 | $0 |
| Uniform School Fund | $0 | $7,456,100 | $7,456,100 | $0 | $0 | $0 |
| Uniform School Fund Restricted | $0 | $0 | $0 | $0 | $7,456,100 | $7,456,100 |
| Total | $127,000 | $7,646,100 | $7,646,100 | $0 | $7,456,100 | $7,456,100 |
Individual, Business and/or Local Impact:
Educators in the public schools that meet the requirements for the Teacher Salary Supplements outlined in the bill will benefit by receiving increased compensation.
| 2/22/2008, 5:13:11 PM, Lead Analyst: Leishman, B. | Office of the Legislative Fiscal Analyst |