Page 1 of 1 LRC 2024-BR804-HB723
COMMONWEALTH OF KENTUCKY FISCAL NOTE STATEMENT
LEGISLATIVE RESEARCH COMMISSION
2024 REGULAR SESSION
MEASURE
2024 BR NUMBER 804 HOUSE BILL NUMBER 723
TITLE AN ACT relating to economic relief for local communities of the Commonwealth and declaring
an emergency.
SPONSOR Representative Richard Heath
FISCAL SUMMARY
STATE FISCAL IMPACT: YES NO UNCERTAIN
OTHER FISCAL STATEMENT(S) THAT MAY APPLY: ACTUARIAL ANALYSIS
LOCAL MANDATE CORRECTIONS IMPACT HEALTH BENEFIT MANDATE
APPROPRIATION UNIT(S) IMPACTED: Department for Local Government
FUND(S) IMPACTED: GENERAL ROAD FEDERAL RESTRICTED
FISCAL
ESTIMATES
2023-2024 2024-2025 2025-2026 ANNUAL IMPACT AT
FULL
IMPLEMENTATION
REVENUES
EXPENDITURES $300,000 $300,000 $300,000
NET EFFECT ($300,000) ($300,000) ($300,000)
( ) indicates a decrease/negative
PURPOSE OF MEASURE: The purpose of this bill is to make technical modifications to the
Government Resources Accelerating Needed Transformation (GRANT) Program and clarify the
Department of Local Government’s role in administering the program.
FISCAL EXPLANATION : DLG indicated a need for two additional full-time equivalent
employees (FTEs) to handle the increased workload the bill would require. The department
anticipates these two FTEs to cost $118,100 each, for a total personnel cost of $236,200
annually. They also expect an increase of $63,800 annually for operational costs associated with
two additional FTEs as well as other equipment. This would result in a total cost of $300,000
annually.
DATA SOURCE(S): LRC Staff, DLG
PREPARER: Justin Perry NOTE NUMBER: 111 REVIEW: JB DATE: 3/7/2024