Recapture limitation.

03LSO-0421.L1

                                                         

FISCAL NOTE (SJ0006)

 

 

	FY 2004	FY 2005	FY 2006
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Increase:
SCHOOL FOUNDATION FUND	2,692,860	2,788,430	3,449,490

 

Source of revenue increase: 

 

Public school recapture

 

 

Assumptions:

 

The above estimates are based on January 2003 CREG projections.

 

 

 

 

 

 

Prepared by:   Mary Byrnes, LSO   Phone:   777-3563

 

 

 

 

 

 

 

 

 

 

 

 

 

In addition, the Secretary of State's Office will experience an expenditure increase of about $18,000 in FY04 for statutory publication costs, based on historical data.  This cost is the same for all joint resolutions of this type, assuming the length of the statement on the proposed amendment is roughly the same.  Information provided by Pat Arp, Secretary of State's Office, phone:  777-5333.

 

(This cost may be considered an administrative cost but is listed here for consistency.)