This Fiscal Note is not an official copy and should not be quoted or cited.
This Fiscal Note is not an official copy and should not be quoted or cited.
Fiscal Note - SB 0290 - Encourages public colleges and universities to enroll new students
COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 1283-01
BILL NO.: SB 290
SUBJECT: Education, Elementary and Secondary: Funding to Colleges and Universities
TYPE: Original
DATE: February 10, 1999
FISCAL SUMMARY
|
ESTIMATED NET EFFECT ON STATE FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All State Funds |
*$0 | *$0 | *$0 |
|
ESTIMATED NET EFFECT ON FEDERAL FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| None | $0 | $0 | $0 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
|
ESTIMATED NET EFFECT ON LOCAL FUNDS | |||
| FUND AFFECTED | FY 2000 | FY 2001 | FY 2002 |
| Local Government | *$0 | *$0 | *$0 |
*Appropriations to institutions of higher education would be redistributed.
Numbers within parentheses: ( ) indicate costs or losses
This fiscal note contains 4 pages.
FISCAL ANALYSIS
ASSUMPTION
Officials from the Office of Administration (Budget and Planning) and Missouri Western State College assume the proposal would not result in additional costs or savings to the agencies.
Officials from Southwest Missouri State University and Jefferson College assume the proposal would result in an unknown fiscal impact.
Officials from Truman State University state they are unable to calculate the fiscal impact; although the proposal could cause reductions in General Revenue for the university.
Officials from Linn State Technical College assume the proposal would penalize technical education.
Officials from Three Rivers Community College assume that if additional funding is annually distributed among all higher education institutions in the state, a very detrimental effect could be felt not only at Three Rivers Community College but at each out-state community college in Missouri.
Officials from the University of Missouri assume the university would not incur additional costs but would experience a reduction in revenue. The university is not able to provide an accurate estimate of the financial impact to the institution because necessary data is not available. However, for every 1% increase in funding to higher education in total, their best estimate is that the university would be negatively impacted by at least $1.5 million.
Officials from the State Treasurer's Office assume a new accounting fund would be created in the state treasury for the Blind Skills Specialist Fund. The proposed legislation would slightly increase the number of accounting transactions processed through their accounting system and increase the available funds for investment. The STO would absorb the costs associated with increased accounting transactions and investments through their current appropriations.
Officials from the Coordinating Board For Higher Education (CBHE) assume that technically there is no fiscal impact associated with this bill because it only specifies a new method of dividing increased appropriations. It does not affect what the levels of increased appropriations may be.
| FISCAL IMPACT - State Government | FY 2000 | FY 2001 | FY 2002 |
| (10 Mo.) | |||
| *$0 | *$0 | *$0 | |
| *Appropriations to institutions of higher education would be redistributed. | |||
| FISCAL IMPACT - Local Government | FY 2000 | FY 2001 | FY 2002 |
| (10 Mo.) | |||
| *$0 | *$0 | *$0 | |
| *Appropriations to institutions of higher education would be redistributed. | |||
| FISCAL IMPACT - Small Business | |||
| No direct fiscal impact to small businesses would be expected as a result of this proposal. | |||
DESCRIPTION
For fiscal year 1999-2000 and thereafter, any amount of total funds appropriated to public institutions of higher education appropriated in excess of the amount appropriated to such institutions for fiscal year 1998-99 would be placed to the credit of the Enrollment Incentive Fund, which would be created.
For fiscal year 1999-2000 and thereafter, the total amount of funds appropriated to the Enrollment Incentive Fund would be distributed to each of the public institutions of higher education in the state in the same proportion as the full-time equivalent number of newly-enrolled in-state students as the institution bears to the total number in the state.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Coordinating Board For Higher Education
State Treasurer's Office
Office of Administration (Budget and Planning)
University of Missouri
Truman State University
Southwest Missouri State University
Linn State Technical College
Missouri Western State College
Jefferson College
Three Rivers Community College
NOT RESPONDING:
Northwest Missouri State University
Central Missouri State University
Southeast Missouri State University
Missouri Southern State College
North Central Missouri College
Crowder College
Moberly Area Community College
East Central College
Metropolitan Community College
Mineral Area Community College
St. Charles County Community College
St. Louis Community College
Jeanne Jarrett, CPA
Director
February 10, 1999