NOTE:  As provided in LFC policy, this report is intended only for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used for other purposes.

 

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F I S C A L   I M P A C T   R E P O R T

 

 

 

SPONSOR:

Parks

 

DATE TYPED:

2/4/03

 

HB

37

 

SHORT TITLE:

School Employees Salary Increase

 

SB

 

 

 

ANALYST:

Segura

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

$119,149.0

 

 

Recurring

GF

 

 

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

New Mexico Commission of Higher Education (CHE)

State Department of Education (SDE)

LFC files

 

     Synopsis of Bill

 

House Bill 37 appropriates $119,149.0 from the general fund to the SDE to provide an eight percent salary increase for all public school employees.

 

FISAL IMPLICATIONS

 

The appropriation of $119,149.0 contained in this bill is a recurring expense to the general fund. The funding would flow through the State Equalization Guarantee formula.

 

ADMINISTRATIVE IMPLICATIONS

 

None to the SDE, School districts would implement the salary distribution.

 

CONFLICT, DUPLICATION, COMPANIONSHIP, RELATIONSHIP

 

House Bill 37 relates to compensation recommendations by the State  Board of Education, Legislative Education Study Committee,  Executive and  Legislative Finance Committee.

 

OTHER SUBSTANTIVE ISSUES

 

If the legislation is enacted, the level of funding included in the bill would significantly reduce the available recurring revenue for FY04.  The balance of approximately $13 million would have to meet the needs of other state government entities including public school support.

 

RS/njw;yr