Marathon Oil building-purchase.

04LSO-0400.L2

                                                         

FISCAL NOTE (HB0172)

 

This bill contains an appropriation of $5,500,000 from the GENERAL FUND.

 

	FY 2005	FY 2006	FY 2007
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue Decrease:
SCHOOL FOUNDATION FUND	0	8,300	8,300

 

Source of revenue decrease:

 

Decrease in 12 mill state share of county property tax to School Foundation Program.

 

Assumptions:

 

The above estimate is based on 2003 property taxes.

 

Decrease in local school resource from county property tax is estimated at $21,500 per year beginning in FY 2006, based on 2003 property taxes.

 

 

Any additional fiscal or personnel impact is not determinable due to insufficient time to complete the fiscal note process.

 

 

 

 

 

 

 

Prepared by:   Dean Temte, LSO    Phone:   777-7881