|Date Requested:February 27, 2008
Time Requested:12:07 PM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
|The amendment would increase the annual salary of each legislative member from $15,000 per year to $20,000 per year. Currently, the total annual salary for all Senate and House members is $2,010,000 (134 members x $15,000). The amendment would increase the total annual salary for all legislative members to $2,680,000 (134 members x $20,000). This is an increase of $670,000.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||670,000||670,000|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
$670,000 increase in expenses to pay for $5,000 annual increase in compensation for each member of the Legislature to become effective in 2009.
|It must be noted that the original bill increased the annual salary of only Senate members, which would be $170,000. This amendment would increase that amount by $500,000.|