 | Fiscal NoteS.B. 186 2026 General Session Charter School Base Funding Amendments by Balderree, Heidi |  |
| Ongoing | One-time | Total | |
|---|---|---|---|
| Net GF/ITF/USF (rev.-exp.) | $(15,995,000) | $(12,000) | $(16,007,000) |
| Revenues | FY2026 | FY2027 | FY2028 |
| Public Education Economic Stabilization Restricted Account, One-time | $0 | $15,995,000 | $0 |
| Total Revenues | $0 | $15,995,000 | $0 |
Enactment of this legislation assumes $15,995,000 one-time of the total $483,474,000 in Uniform School Funds transferred in FY 2027 to the Public Education Economic Stabilization Restricted Account will be used to fund the appropriation detailed in the bill.
| Expenditures | FY2026 | FY2027 | FY2028 |
| Uniform School Fund, One-time | $0 | $15,995,000 | $0 |
| Public Education Economic Stabilization Restricted Account, One-time | $0 | $15,995,000 | $0 |
| General Fund, One-time | $12,000 | $0 | $0 |
| Income Tax Fund | $0 | $15,995,000 | $15,995,000 |
| Income Tax Fund, One-time | $0 | $(15,995,000) | $0 |
| Total Expenditures | $12,000 | $31,990,000 | $15,995,000 |
Enactment of this legislation could cost the State Board of Education $14,495,000 ongoing from the Income Tax Fund beginning in FY 2028 with a one-time appropriation from the Public Education Economic Stabilization Restricted Account in FY 2027 for additional funding for the Charter School Base Funding program. Of this allocation, the State Board of Education could use up to $70,000 one-time to contract with a third party for the study as outlined in the bill. Enactment of this Legislation could also cost the State Board of Education $1,500,000 ongoing from the Income Tax Fund beginning in FY 2028 with a one-time appropriation from the Public Education Economic Stabilization Restricted Account in FY 2027 to fund a Charter School Regional Service Area. Enactment of this legislation could further cost the Senate $1,600 one-time from the General Fund in FY 2026 for a senator to participate in the study group as outlined in the bill. Enactment of this legislation could also cost the House of Representatives $1,600 one-time from the General Fund in FY 2026 for a representative to participate in the study group as outlined in the bill. Enactment may also cost the Legislative Fiscal Analyst $8,800 one-time from the General Fund in FY 2026, for a financial analyst to participate in a study group as outlined in the bill. The office has indicated that these costs are absorbable.
| FY2026 | FY2027 | FY2028 | |
| Net All Funds (rev-exp) | $(12,000) | $(15,995,000) | $(15,995,000) |
Enactment of this legislation could increase a charter school's base allocation, not to exceed $220,000 per school, at a rate of $115 per student, beginning in FY 2027, subject to appropriations for operational and administrative costs. Additionally, enactment of this legislation could increase a charter school's allocation, not to exceed $175,000 per school, at a rate of $115 per student, beginning in FY 2027, for schools participating in the Charter School Educational Regional Service Area as outlined in the bill.
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 creates a new program or significantly expands an existing program.
For a list of questions lawmakers might ask to improve accountability for the proposed
program, please see:
https://budget.utah.gov/newprogram