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F I S C A L I M P A C T R E P O R T
SPONSOR Park
ORIGINAL DATE
LAST UPDATED
2/17/2007
HB 502
SHORT TITLE School Employee Salary Increases
SB
ANALYST Schuss
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$121,795.3
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to HB 2
SOURCES OF INFORMATION
LFC Files
Responses Received From
Public Education Department (PED)
SUMMARY
Synopsis of Bill
House Bill 502 appropriates $121,795,300 from the general fund to state equalization guarantee
distribution of the public school fund to provide an average 8 percent salary increase for licensed
school employees in the 2007-2008 year.
FISCAL IMPLICATIONS
The appropriation of $121,795,300 contained in this bill is a recurring expense to the general
fund. Any unexpended or unencumbered balance remaining at the end of FY08 shall revert to the
general fund.
SIGNIFICANT ISSUES
HB 502 relates only to licensed school employees
House Bill 2 contains sufficient appropriations for a 5 percent salary increase of all school