Fiscal Note

HB0133S01 - Health System Reform

State Impact:
This Legislation appropriates $615,000 ongoing General Fund to the Department of Health and $882,000 one-time General Fund to 2 agencies. The Department of Health receives $500,000 and the Office of the Legislative Research and General Counsel receives $382,000 for the Health System Reform Task Force. Additionally, this Legislation creates a tax credit that may generate up to a ($18,000,000) loss of Education Fund revenues in FY 2009 and up to a ($18,700,000) loss in FY 2010.

Funding SourceFY 2008
Approp.
FY 2009
Approp.
FY 2010
Approp.
FY 2008
Revenue
FY 2009
Revenue
FY 2010
Revenue
General Fund$0$615,000$615,000$0$0$0
General Fund, One-Time$0$882,000$0$0$0$0
Education Fund$0$0$0$0($18,000,000)($18,700,000)
   Total
$0

$1,497,000

$615,000

$0

($18,000,000)

($18,700,000)

Individual, Business and/or Local Impact:
The revenue loss to the Education Fund equates to less taxes paid by individuals. Enactment of this bill likely will not result in direct, measurable costs and/or benefits for businesses or local governments.

1/31/2008, 1:40:35 PM, Lead Analyst: Frandsen, R.Office of the Legislative Fiscal Analyst