Fiscal impact reports (FIRs) are prepared by the Legislative Finance Committee (LFC) for standing finance committees of the NM Legislature. The LFC does not assume responsibility for the accuracy of these reports if they are used for other purposes.

Current FIRs (in HTML & Adobe PDF formats) are available on the NM Legislative Website (legis.state.nm.us). Adobe PDF versions include all attachments, whereas HTML versions may not. Previously issued FIRs and attachments may also be obtained from the LFC in Suite 101 of the State Capitol Building North.

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

SPONSOR	Beffort		DATE TYPED	1/30/04		HB
SHORT TITLE		Early Childhood Teachers in College Courses				SB	293
					ANALYST		Maloy

APPROPRIATION

Appropriation Contained		Estimated Additional Impact		Recurring or Non-Rec	Fund Affected
FY04	FY05	FY04	FY05	Recurring or Non-Rec	Fund Affected
	$150.0		See Narrative	Recurring	TANF

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

Children, Youth and Families Department

New Mexico Department of Public Education

SUMMARY

Synopsis of Bill

Senate Bill 293 appropriates $150,000 from the temporary assistance for needy children block grant (TANF) to the Children, Youth and Families Department, Office of Child Development to contract with persons employed as early childhood teachers enrolled in a degreed course at a post-secondary educational institution to improve their employment skills.

Significant Issues

According to the Children, Youth and Families Department, this bill provides an incentive for income eligible individuals to consider an early childhood teaching career.

FISCAL IMPLICATIONS

The appropriation of $150 thousand contained in this bill will result in a recurring expense to the TANF grant or general fund because those qualifying for the assistance will seek it in future years.

Senate Bill 293 provides unexpended or unencumbered balance remaining at the end of FY05 will revert to the TANF grant.

ADMINISTRATIVE IMPLICATIONS

The Children, Youth and Families Department states any additional administrative impact to the department can be absorbed into existing staff and budget resources.

SJM/yr