|Date Requested:January 09, 2014
Time Requested:02:05 PM
| FUND(S) |
Sources of Revenue
Legislation creates:A New Fund
Effect this measure will have on costs and revenues of state government.
|The purpose of this legislation is to establish a Creative Communities Development Pilot Program within the Development Office.The purpose of this matching grant program is to help communities develolop planning strategies to make them more viable and be more able to compete for economic investment.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||175,000||175,000|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
Since we are not sure how much the Legislature is going to appropriate to establish the Creative Communities Development Fund , it is difficult to estimate how much of these funds will have to be set aside for administrative purposes. The above estimate is based on the need to hire two additional staff to administer the program. Funds are also included to pay the per diem and travel costs of the three public board members to attend the bi-monthly meetings required by this legislation.
|In our experince, it will be difficult for communities to come up with the required dollar for dollar match necessary to obtain one of these grants.|