Enactment of this legislation could reduce revenue to the General Fund by $548,700 ongoing beginning in FY 2027 as a result of additional costs from the Commerce Service Account ($161,400), Insurance Department Account ($53,500), Liquor Control Fund ($300,000), and the Oil and Gas Conservation Account ($33,800) to fund additional employer 401(k) contributions and increase the paid time off leave cap from 320 to 360 hours. Increased expenditures in each of these funds reduces year-end transfers to the General Fund

Enactment of this legislation could cost the Department of Government Operations $13,294,000, of which $7,698,000 is from the General Fund and $5,595,700 is from other funds ongoing beginning in FY 2027 to increase the 401(k) match rate for eligible state employees, and $250,000 one-time from the General Fund in FY 2026 for payroll system updates related to the new contribution structure. It could also cost the Department of Government Operations $3,338,000 of which $1,932,900 is from the General Fund and $1,405,100 is from other funds beginning in FY 2027 to increase the paid time off leave cap from 320 to 360 hours. It could also cost the Division of Finance $18,700 one-time from the General Fund in FY 2027 for system updates and testing, and the Office of Enterprise Solutions $22,300 one-time from Dedicated Credits in FY 2027 for modifications to the HR system, of which the agency reports they can absorb $10,500. Finally, it could cost the institutions of higher education a total of $3,014,200 ongoing in FY 2027, of which $2,390,600 is from the General Fund, and $623,600 is from Dedicated Credits to fulfill the increased 401(k) contributions to eligible employees. This legislation could also cost state agencies up to $700,000 ongoing, beginning in FY 2027, from all sources, of which $357,000 is from the General Fund, due to lost or deferred output by state employees.