Fiscal Note - State of Utah - 2012 General Session

HB0397 - Charter School Start-up Amendments

State Government (UCA 36-12-13(2)(b)):
Enactment of this bill appropriates $2,500,000 ongoing from the Education Fund to cover charter school startup ($2,300,000) and administration ($200,000) costs.

State Budget Detail TableFY 2012FY 2013FY 2014
Education Fund$0$2,500,000$2,500,000
   Total Expenditure$0$2,500,000$2,500,000
Net Impact, All Funds (Rev.-Exp.)$0($2,500,000)($2,500,000)
   Net Impact, General/Education Funds (Rev.-Exp.)$0($2,500,000)($2,500,000)

Local Governments (UCA 36-12-13(2)(c)):
Enactment of this bill covers startup costs for six or seven new charter schools annually.

Direct Expenditures by Utah Residents and Businesses (UCA 36-12-13(2)(d)):
Enactment of this bill likely will not result in direct, measurable expenditures by Utah residents or businesses.

2/27/2012, 9:39:45 AM, Lead Analyst: Young, T./Attny: AOSOffice of the Legislative Fiscal Analyst