LEGISLATIVE SERVICES AGENCY OFFICE OF FISCAL AND MANAGEMENT ANALYSIS FISCAL IMPACT STATEMENT LS 6854 NOTE PREPARED: Apr 2, 2025 BILL NUMBER: SB 249 BILL AMENDED: Mar 20, 2025 SUBJECT: Teacher Compensation. FIRST AUTHOR: Sen. Deery BILL STATUS: Enrolled FIRST SPONSOR: Rep. Teshka FUNDS AFFECTED: GENERAL IMPACT: Local DEDICATED FEDERAL Summary of Legislation: This bill amends provisions that allow school corporations to provide a supplemental payment to teachers in excess of the salary specified in the school corporation's compensation plan. The bill makes corresponding changes. Effective Date: July 1, 2025. Explanation of State Expenditures: Explanation of State Revenues: Explanation of Local Expenditures: Under the bill, school corporations would make certain changes to the calculation used to determine each teacher's salary increase or increment. This would likely shift salary increases from some teachers to others, and could have a small impact on total expenditures that is dependent upon any changes to current agreements and negotiations at the local level. Explanation of Local Revenues: State Agencies Affected: Local Agencies Affected: School corporations. Information Sources: Fiscal Analyst: Kelan Fong, 317-232-9592. SB 249 1