TO: | Honorable Rob Eissler, Chair, House Committee on Public Education |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB1982 by Latham (Relating to the creation of the Public Education Management Institute of Texas.), As Introduced |
Fiscal Year | Probable Net Positive/(Negative) Impact to General Revenue Related Funds |
---|---|
2008 | ($391,215) |
2009 | ($1,817,635) |
2010 | ($3,279,337) |
2011 | ($3,162,006) |
2012 | ($3,285,620) |
Fiscal Year | Probable Savings/(Cost) from GENERAL REVENUE FUND 1 |
---|---|
2008 | ($391,215) |
2009 | ($1,817,635) |
2010 | ($3,279,337) |
2011 | ($3,162,006) |
2012 | ($3,285,620) |
Fiscal Year | Change in Number of State Employees from FY 2007 |
---|---|
2008 | 4.0 |
2009 | 17.0 |
2010 | 25.0 |
2011 | 25.0 |
2012 | 25.0 |
It is assumed for the purposes of this fiscal note that General Revenue funding would be used to support the program since there is no revenue stream for the Public Education Management Institute of Texas Fund. The Texas State University System indicates that in fiscal year 2008, it will need to hire a project manager, business manager, technology specialist and administrative assistants at a total cost of salaries and benefits of $361,325. The remaining $30,000 in fiscal year 2008 is for operating funds and technology upgrades.
In fiscal year 2009, the Texas State University System, indicates it would need to hire 13 additional Full Time Equivalent (FTE) positions, including four project coordinators, four instructors, two custodians, two project coordinators and a publications officer at a total cost of salaries and benefits of $882,635. Funding in fiscal year 2009 also include operating funds and technology upgrades ($210,000), furniture and equipment ($125,000). These costs would increase as the institute becomes fully operational at 25 FTEs.
It is assumed tuition revenue bonds would be issued in fiscal year 2009, therefore there is no debt service included in fiscal year 2008. The cost for the debt service is based on a 20 year note with a 6% interest rate. The debt service is $600,000 in fiscal year 2009 and $1.2 million beginning in fiscal year 2010.
Source Agencies: | 701 Central Education Agency, 752 University of North Texas, 758 Texas State University System
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LBB Staff: | JOB, JSp, RT, GO
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