COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 3734-03
Bill No.: SCS for SJR 41
Subject: Constitutional Amendments: Appropriations
Type: Original
Date: March 12, 2004
FISCAL SUMMARY
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| General Revenue | ($36,840) | $0 | $0 |
| Total Estimated
Net Effect on General Revenue Fund |
($36,840) | $0 | $0 |
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2005 | FY 2006 | FY 2007 |
| Local Government | $0 | $0 | $0 |
ASSUMPTION
Officials from the Office of the Governor and Office of Administration, Division of Budget and Planning stated that the proposal would have no fiscal impact on their organizations.
Secretary of State (SOS) officials stated that statewide newspaper publication of constitutional amendments costs approximately $1,228 per column inch per publication. They estimated this proposal would require 10 column inches including title header and certification paragraph, for three required publications. (($1228 x 3 = $3,684) x 10 = $36,840).
Oversight assumes the referendum called for in this proposal would be held in November 2004.
| FISCAL IMPACT - State Government | FY 2005 | FY 2006 | FY 2007 |
| GENERAL REVENUE FUND | |||
| Cost to Secretary of State
Newspaper Advertisements |
($36,840) |
$0 |
$0 |
| ESTIMATED NET EFFECT ON GENERAL REVENUE FUND |
($36,840) |
$0 |
$0 |
| FISCAL IMPACT - Local Government | FY 2005
(10 Mo.) |
FY 2006 | FY 2007 |
| $0 | $0 | $0 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
This proposal would submit to the voters a constitutional amendment requiring the Governor to prepare a balanced budget without recommendations for additional revenues requiring either voter or legislative approval.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space. This proposal would not affect Total State Revenue.
SOURCES OF INFORMATION
Office of the Governor
Office of the Secretary of State
Office of Administration - Division of Budget and Planning
Mickey Wilson, CPA
Director
March 12, 2004