Fiscal Note
SB0195 - Public Employee Defined Contribution Amendments
State Impact:
Enactment of this bill would yield a one-time savings of approximately $12,925,500 from various funds as shown in the table. Of that savings, $11,506,000 is in the General and Education funds.
Funding Source | FY 2009 Approp. | FY 2010 Approp. | FY 2011 Approp. | FY 2009 Revenue | FY 2010 Revenue | FY 2011 Revenue |
General Fund, One-Time | $0 | ($1,071,400) | $0 | $0 | $0 | $0 |
General Fund Restricted | $0 | ($196,200) | $0 | $0 | $0 | $0 |
Education Fund, One-Time | $0 | ($10,434,600) | $0 | $0 | $0 | $0 |
Transportation Fund, One-time | $0 | ($259,400) | $0 | $0 | $0 | $0 |
Transportation Fund Restricted | $0 | ($47,700) | $0 | $0 | $0 | $0 |
Federal Funds | $0 | ($629,600) | $0 | $0 | $0 | $0 |
Federal Mineral Lease | $0 | ($7,800) | $0 | $0 | $0 | $0 |
Dedicated Credits | $0 | ($167,600) | $0 | $0 | $0 | $0 |
Trust Funds | $0 | ($76,700) | $0 | $0 | $0 | $0 |
Transfers | $0 | ($34,500) | $0 | $0 | $0 | $0 |
Total | $0 | ($12,925,500) | $0 | $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. Some individuals may be impacted due to this change the proposed statute.
3/4/2009, 12:17:35 PM, Lead Analyst: Schoenfeld, J.D. | Office of the Legislative Fiscal Analyst |