COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 2766-02
BILL NO.: SB 626
SUBJECT: Education, Higher: Community College Funding
TYPE: Original
DATE: January 10, 2000
FISCAL SUMMARY
FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
Total Estimated
Net Effect on All State Funds |
$0 | $0 | $0 |
FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
Local Government* | $0 | $0 | $0 |
*A redistribution of funding to community colleges based on enrollment could result.
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials from the State Tax Commission assume the proposal would result in no fiscal impact to the agency.
Officials from the Office of Administration - Budget and Planning assume the proposal would result in no fiscal impact to the agency; however, it could result in increased funding to the colleges.
Officials from the Coordinating Board For Higher Education (CBHE) assume the bill specifies a new method of dividing increased appropriations. They assume the proposal does not affect what the levels of increased appropriations could be in the aggregate; although, it could result in fiscal impact, both positive and negative on individual community colleges. Therefore, the proposal could result in a redistribution of funding to community colleges based on enrollment.
FISCAL IMPACT - State Government | FY 2001
(10 Mo.) |
FY 2002 | FY 2003 |
$0 | $0 | $0 |
FISCAL IMPACT - Local Government | FY 2001
(10 Mo.) |
FY 2002 | FY 2003 |
$0 | $0 | $0 |
A redistribution of funding to community colleges based on enrollment could result.
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
The proposal would change the calculation of state funding for community colleges. Factors in the calculation would include a minimum tax levy and guaranteed per full-time equivalent enrollment payment amount.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Coordinating Board For Higher Education
Office of Administration - Budget and Planning
State Tax Commission
Jeanne Jarrett, CPA
Director
January 10, 2000