Enactment of this legislation could reduce revenue to the General Fund by up to $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 reduce year-end transfers to the General Fund

Enactment of this legislation could cost the Department of Government Operations up to $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 up to $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. Finally, it could cost the institutions of higher education a total of up to $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.