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F I S C A L I M P A C T R E P O R T
SPONSOR Anderson
ORIGINAL DATE
LAST UPDATED
1/29/07
HB 543
SHORT TITLE Workforce Development Program in Bernalillo
SB
ANALYST Propst
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
$250.0
Recurring
General Fund
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
LFC Files
Responses Received From
Office of Workforce Training and Development
SUMMARY
Synopsis of Bill
House Bill 543 would appropriate $250.0 to the Local Government Division of the Department
of Finance & Administration for a Bernalillo County workforce development program for youth.
FISCAL IMPLICATIONS
The appropriation of $250.0 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
The Office of Workforce Training and Development currently allocates funding from the
Workforce Investment Act to serve the youth population.