H.B. 427 2nd Sub. (Gray) 2023/03/01 12:55, Lead Analyst: Matthew Henderson Attorney: MC Fiscal Note H.B. 427 2nd Sub. (Gray) 2023 General Session Individual Freedom in Public Education by Jimenez, T. (Jimenez, Tim.) General, Income Tax, and Uniform School Funds JR4-4-101 Ongoing One-time Total Net GF/ITF/USF (rev.-exp.) $(475,000) $0 $(475,000) State Government UCA 36-12-13(2)(c) Revenues FY 2023 FY 2024 FY 2025 Total Revenues $0 $0 $0 Enactment of this legislation likely will not materially impact state revenue. Expenditures FY 2023 FY 2024 FY 2025 Income Tax Fund $0 $475,000 $475,000 Total Expenditures $0 $475,000 $475,000 Enactment of this legislation could cost the State Board of Education $475,000 annually from the Income Tax Fund beginning in FY24 to provide the development of standards, review processes, and active monitoring of the public education system to ensure they are consistent with principles of individual freedom. FY 2023 FY 2024 FY 2025 Net All Funds $0 $(475,000) $(475,000) Local Government UCA 36-12-13(2)(c) Enactment of this legislation may result in added personnel time and costs to ensure that all school materials and functions are consistent with the principles outline in this bill. Costs for this are unknown but should be mitigated by overview and coordination with the State Board of Education and State Instructional Materials Commission. Individuals & Businesses UCA 36-12-13(2)(c) Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses. Regulatory Impact UCA 36-12-13(2)(d) Enactment of this legislation likely will not change the regulatory burden for Utah residents or businesses. H.B. 427 2nd Sub. (Gray) 2023/03/01 12:55, Lead Analyst: Matthew Henderson Attorney: MC Performance Evaluation JR1-4-601 This bill does not create a new program or significantly expand an existing program. Notes on Notes Fiscal notes estimate the direct costs or revenues of enacting a bill. The Legislature uses them to balance the budget. They do not measure a bill's benefits or non-fiscal impacts like opportunity costs, wait times, or inconvenience. A fiscal note is not an appropriation. The Legislature decides appropriations separately.