 | Fiscal NoteH.B. 447 2025 General Session Statewide Catalyst Campus Model by Schultz, Mike |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(150,000) | $(65,000,000) | $(65,150,000) |
| Revenues | FY2025 | FY2026 | FY2027 |
| Public Education Economic Stabilization Restricted Account, One-time | $0 | $65,000,000 | $0 |
| Total Revenues | $0 | $65,000,000 | $0 |
Enactment of this legislation assumes $65,000,000 one-time in Uniform School Funds transferred to the Public Education Economic Stabilization Restricted Account will be used to fund the appropriation detailed in the bill.
| Expenditures | FY2025 | FY2026 | FY2027 |
| Income Tax Fund | $0 | $150,000 | $150,000 |
| Uniform School Fund, One-time | $0 | $65,000,000 | $0 |
| Public Education Economic Stabilization Restricted Account, One-time | $0 | $65,000,000 | $0 |
| Total Expenditures | $0 | $130,150,000 | $150,000 |
Enactment of this legislation could cost the State Board of Education $65,000,000 one-time from the Public Education Economic Stabilization Restricted Account and $150,000 ongoing from the Income Tax Fund, beginning in Fiscal Year 2026, to create or expand catalyst centers and manage the program. This legislation assumes the transfer of $65,000,000 one-time in Fiscal Year 2026 from the Uniform School Fund to the Public Education Economic Stabilization Restricted Account.
| FY2025 | FY2026 | FY2027 | |
| Net All Funds (rev-exp) | $0 | $(65,150,000) | $(150,000) |
Enactment of this legislation likely will not result in direct, measurable costs for local governments.
Enactment of this legislation likely will not result in direct expenditures from tax or fee changes for Utah residents and businesses.
Enactment of this legislation likely will not change the regulatory burden for Utah residents or businesses.
This bill does not create a new program or significantly expand an existing program.