LD 2173 LR 3445(39)
An Act To Make Supplemental Appropriations and Allocations for the Expenditures of State Government and To Change Certain Provisions of the Law Necessary to the Proper Operations of State Government for the Fiscal Years Ending June 30, 2008 and June 30, 2009
Fiscal Note for Senate Amendment "       " to Committee Amendment "A"
Sponsor: Sen. Courtney of York
Fiscal Note Required: Yes
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $0 $0 $37,266,122 $37,266,122
General Fund $0 $37,266,112 $37,266,122 $37,266,122
General Fund $0 $37,266,112 $0 $0
Fiscal Detail and Notes
This amendment will have no net effect on General Fund appropriations and revenue and a balanced budget is maintained for the 2008-2009 biennium.
This amendment restores $37,266,122 to the General Purpose Aid to Local Schools Program within the Department of Education in order for the State to fund 55% of the total cost of K-12 Public Education beginning in fiscal year 2008-09 and offsets this additional cost with.a one-time transfer from the Budget Stabilization Fund to the unappropriated surplus of the General Fund in fiscal year 2008-09.