Fiscal Note
1st Sub. S.B. 267 (Green)
2025 General Session
Charter School Authorizer Amendments
by Johnson, John D.
General, Income Tax, and Uniform School Funds JR4-4-101
Ongoing One-time Total
Net GF/ITF/USF (rev.-exp.) $0 $0 $0
State Government UCA 36-12-13(2)(c)
Revenues FY 2025 FY 2026 FY 2027
Dedicated Credits Revenue $0 $1,986,700 $1,986,700
Dedicated Credits Revenue, One-
time
$0 $(1,986,700) $0
Total Revenues $0 $0 $1,986,700
Enactment of this legislation may result in increased dedicated credits revenue of $1,986,700
beginning in FY 2027 collected by the State Board of Education from fees paid by charter schools
authorized by the State Charter School Board as outlined in the bill. Any revenue collected in excess
of 105 percent of the prior-year budget for the State Charter School Board will be remitted to the
Charter School Local Replacement Program and distributed back to charter schools on a per-student
basis. The FY 2026 base budget appropriation for the State Charter School Board is $1,976,700.
Expenditures FY 2025 FY 2026 FY 2027
Income Tax Fund $0 $(1,986,700) $(1,986,700)
Income Tax Fund, One-time $0 $1,986,700 $0
Uniform School Fund $0 $1,986,700 $1,986,700
Uniform School Fund, One-time $0 $(1,986,700) $0
Dedicated Credits Revenue $0 $1,986,700 $1,986,700
Dedicated Credits Revenue, One-
time
$0 $(1,986,700) $0
Total Expenditures $0 $0 $1,986,700
Enactment of this legislation may increase dedicated credits revenue generated by the State Board of
Education by $1,986,700 beginning in FY 2027 to support the operations of the State Charter School
Board. This dedicated credits revenue is generated from fees charged to charter schools by the State
Charter School Board to fund its operations. Beginning in FY 2027, the ongoing appropriation to the
State Board of Education of $1,986,700 from the Income Tax Fund supporting the State Charter
School Board will be transferred to the Minimum School Program - Charter School Local Replacement
Program for distribution to charter schools.
1st Sub. S.B. 267 (Green)
2025/02/28 19:45, Lead Analyst: Benjamin Leishman, Attorney: Van Hulten, J. Any fee revenue collected in excess of 105% of the prior year appropriation for the State Charter
School Board, currently at $1,986,700, will be transferred to the Minimum School Program - Charter
School Local Replacement Program for distribution to charter schools.
FY 2025 FY 2026 FY 2027
Net All Funds $0 $0 $0
Local Government UCA 36-12-13(2)(c)
Enactment of this legislation may cost a charter school approximately $25 per student in fees to their
authorizer for authorization and oversight services as outlined in the bill, for an estimated aggregate
impact of $2.0 million beginning in FY 2027.
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.
1st Sub. S.B. 267 (Green)
2025/02/28 19:45, Lead Analyst: Benjamin Leishman, Attorney: Van Hulten, J.