Date Requested:February 16, 2005
Time Requested:05:05 PM
Agency: Education, Department of
CBD Number: Version: Bill Number: Resolution Number:
2005R968 Intro HB2396
CBD Subject: Increase Salaries for Principals & Princ
Sources of Revenue
General Fund
Legislation creates:
Neither Program nor Fund

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

    The purpose of this bill is to increase the principals’ increment rates for principals by 5 percentage points and for assistant principals by 2 ½ percentage points.

Fiscal Note Detail
Over-all effect
Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
1. Estmated Total Cost 0 1,704,317 1,704,317
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0
3. Explanation of above estimates (including long-range effect):
    The total estimated cost of this proposal would be $1,704,317, which would be an additional cost to the State through the Public School Support Program. See the attached schedule for a detailed explanation of the calculation.

Person submitting Fiscal Note:
Renee Hodges
Email Address: