Fiscal Note

HB0004 - Current School Year Supplemental Minimum School Program Budget Adjustments

State Impact:
This bill reallocates funding within the Minimum School Program. The net impact is zero dollars. Adjustments include: $2,116,000 increase to Educator Salary Adjustments; $13,500,000 increase to the Voted & Board Leeway programs; and a reduction of $15,616,000 in one-time Uniform School Funds from the Social Security & Retirement program.

Individual, Business and/or Local Impact:
Enactment of this bill may alter state-fund distributions among school districts and charter schools.