LEGISLATIVE SERVICES AGENCY OFFICE OF FISCAL AND MANAGEMENT ANALYSIS FISCAL IMPACT STATEMENT LS 7471 NOTE PREPARED: Jan 4, 2025 BILL NUMBER: SB 146 BILL AMENDED: SUBJECT: Teacher compensation. FIRST AUTHOR: Sen. Rogers BILL STATUS: As Introduced FIRST SPONSOR: FUNDS AFFECTED: GENERAL IMPACT: Pending DEDICATED FEDERAL Summary of Legislation: Requires a school corporation or charter school to provide coverage of health care services for active and retired employees of the school corporation or charter school under a state employee health plan if the state employee health plan is less expensive than an alternative plan offered by the school. (Under current law, a school corporation or charter school may elect to provide coverage under a state employee health plan.). Creates the Indiana teacher recruitment program and fund. Provides 20 days of paid leave for a full-time teacher employed by a school corporation and 10 days of paid leave for a part-time teacher employed by a school corporation upon: (1) the birth of the teacher's child; (2) the birth of a child to the teacher's spouse; (3) the placement of a child for adoption with the teacher; or (4) the stillbirth of the teacher's child. Removes a prohibition on ranking teacher preparation programs. Beginning June 30, 2025: (1) increases the minimum salary for a teacher employed by a school corporation to $45,000 (current law requires $40,000); and (2) requires a school corporation to expend an amount for teacher compensation that is not less than 65% of state tuition support (current law requires 62%). Changes the name of the "teacher appreciation grant" to the "teacher incentivization grant". Amends the requirements regarding the teacher incentivization grant. Joins the interstate teacher mobility compact. Effective Date: June 29, 2025; July 1, 2025. Explanation of State Expenditures: As of the above date, the fiscal analysis of this bill has not been completed. Please contact the Office of Fiscal and Management Analysis for an update of this fiscal impact statement. Explanation of State Revenues: Explanation of Local Expenditures: Explanation of Local Revenues: State Agencies Affected: SB 146 1 Local Agencies Affected: Information Sources: Fiscal Analyst: Karen Rossen, 317-234-2106. SB 146 2