Fiscal Note
H.B. 447
2025 General Session
Statewide Catalyst Campus Model
by Schultz, Mike
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $(150,000) $(65,000,000) $(65,150,000)
State Government UCA 36-12-13(2)(c)
Revenues FY 2025 FY 2026 FY 2027
Public Education Economic
Stabilization Restricted Account,
One-time
$0 $65,000,000 $0
Total Revenues $0 $65,000,000 $0
Enactment of this legislation assumes $65,000,000 one-time in Uniform School Funds transferred to
the Public Education Economic Stabilization Restricted Account will be used to fund the appropriation
detailed in the bill.
Expenditures FY 2025 FY 2026 FY 2027
Income Tax Fund $0 $150,000 $150,000
Uniform School Fund, One-time $0 $65,000,000 $0
Public Education Economic
Stabilization Restricted Account,
One-time
$0 $65,000,000 $0
Total Expenditures $0 $130,150,000 $150,000
Enactment of this legislation could cost the State Board of Education $65,000,000 one-time from
the Public Education Economic Stabilization Restricted Account and $150,000 ongoing from the
Income Tax Fund, beginning in Fiscal Year 2026, to create or expand catalyst centers and manage the
program.
This legislation assumes the transfer of $65,000,000 one-time in Fiscal Year 2026 from the Uniform
School Fund to the Public Education Economic Stabilization Restricted Account.
FY 2025 FY 2026 FY 2027
Net All Funds $0 $(65,150,000) $(150,000)
Local Government UCA 36-12-13(2)(c)
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
H.B. 447
2025/02/10 10:44, Lead Analyst: Kiki Hudson, Attorney: Van Hulten, J. 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.
Performance Evaluation JR1-4-601
This bill does not create a new program or significantly expand an existing program.
Notes on Notes
Fiscal explanations 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 explanation is not an appropriation. The
Legislature decides appropriations separately.
H.B. 447
2025/02/10 10:44, Lead Analyst: Kiki Hudson, Attorney: Van Hulten, J.