Fiscal Note - State of Utah - 2012 General Session
HB0507 - School Allocations Measured by Property Tax
State Government (UCA 36-12-13(2)(b)):
Enactment of this bill allocates $1,838,000 from the Education Fund in FY2013 and FY2014 to local education agencies for costs associated with local property taxes.
| State Budget Detail Table | FY 2012 | FY 2013 | FY 2014 |
| Revenue | $0 | $0 | $0 |
| Expenditure: | |||
| Education Fund | $0 | $1,838,000 | $1,838,000 |
| Total Expenditure | $0 | $1,838,000 | $1,838,000 |
| Net Impact, All Funds (Rev.-Exp.) | $0 | ($1,838,000) | ($1,838,000) |
| Net Impact, General/Education Funds (Rev.-Exp.) | $0 | ($1,838,000) | ($1,838,000) |
Local Governments (UCA 36-12-13(2)(c)):
Charter schools and school districts will see increased Education Fund allocations of $1,838,000 in FY2013 and FY2014 for property taxes paid to local government entities.
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.
| 2/29/2012, 5:36:47 PM, Lead Analyst: Young, T./Attny: RLR | Office of the Legislative Fiscal Analyst |