Fiscal Note
HB0001S01 - Minimum School Program Base Budget
State Impact:
Enactment of this bill appropriates $2,012,597,223 in ongoing Uniform School Funds, $20,000,000 in ongoing Uniform School Fund Restricted - Interest and Dividends, and $584,414,678 in local school distirct property tax revenues to support the Minimum School Program and School Building Program in fiscal year 2011. Enactment of the bill establishes the estimated minimum basic tax rate at .001513 and changes the value of each Weighted Pupil Unit from $2,577 to $2,487 for FY 2011.
| Funding Source | FY 2010 Approp. | FY 2011 Approp. | FY 2012 Approp. | FY 2010 Revenue | FY 2011 Revenue | FY 2012 Revenue |
| Uniform School Fund | $0 | $2,012,597,223 | $2,012,597,223 | $0 | $0 | $0 |
| Uniform School Fund Restricted | $0 | $20,000,000 | $20,000,000 | $0 | $0 | $0 |
| Local Revenue | $0 | $584,414,678 | $584,414,678 | $0 | $0 | $0 |
| Total | $0 | $2,617,011,901 | $2,617,011,901 | $0 | $0 | $0 |
Individual, Business and/or Local Impact:
Enactment of this bill provides funding for programs within the Minimum School Program and School Building Programs distributed to support the operation of local public schools. Individuals and businesses may be impacted through their associated dealings with school districts and charter schools, the extent of which is dependent on the overall impact to each school district or charter school.
| 2/2/2010, 6:57:56 PM, Lead Analyst: Leishman, B./Attny: AOS | Office of the Legislative Fiscal Analyst |