Honorable Geanie Morrison, Chair, House Committee on Higher Education
John S. O'Brien, Deputy Director, Legislative Budget Board
HB609 by Giddings (Relating to tuition rebate incentives for persons who complete certain degree and certificate programs without excessive credit hours.), As Introduced
|Fiscal Year||Probable Net Positive/(Negative) Impact to General Revenue Related Funds|
|Fiscal Year||Probable Revenue Gain/(Loss) from
GENERAL REVENUE FUND
The Higher Education Coordinating Board estimates that two percent of technical associate degree students and one percent of academic degree students would meet the rebate requirements, for a total of 372 students for fiscal year 2004. The number would grow by three percent per year as students become aware of the program. The total cost of qualifying students is estimated to be $203,000 in fiscal year 2006, $209,000 in fiscal year 2007, $215,500 in fiscal year 2008; $221,500 in fiscal year 2009 and $228,000 in fiscal year 2010.
If students take fewer semester credit hours to qualify for the rebate, the cost of further expansion of the higher education system could be avoided in the future.
No significant fiscal implication to units of local government is anticipated.
This fiscal note assumes the legislature would reimburse local community colleges for the tuition rebates that they grant under this legislation.
781 Higher Education Coordinating Board
JOB, CT, RT, GO