Sources of Revenue:

Special Fund

Legislation creates:

Neither Program nor Fund

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.

    The proposed legislation will extend the Public Campaign Financing Pilot Program through the 2016 election cycle. There will be no additional costs associated with the extension of this program until the 2016 election cycle. The funds designated for the program will earn a nominal amount of interest (money market rate) through the election cycle. Any other revenues such as public donations are unpredictable and should not be included in forward-looking projections.

Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
1. Estmated Total Cost 363,705 0 1,030,000
Personal Services 0 0 0
Current Expenses 363,705 0 1,030,000
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 1,003,600 1,003,400 3,200

Explanation of above estimates (including long-range effect):

    The above figures represent projected actual costs/revenues not increases/decreases from a baseline.
    We anticipate the costs for FY 2012 to be $363,705 based on one candidate participating in the program for the 2012 election cycle. There are no foreseen expenditures from the fund for FY 2013, 2014, or 2015. Expenditures for FY 2016 will be based upon the number of candidates electing to, and qualifying for participation in the program. The estimate of 1,030,000 is per election cycle based on 2 qualifying candidates facing opposition.
    The Program received its second statutory transfer of $1,000,000 from the State Auditor’s Office in FY 2012 and will receive the 3rd and final $1,000,000 transfer in FY 2013. The funds are invested in the state’s money market pool, which accounts for the only predictable other source of revenue going forward.



    Person submitting Fiscal Note: Brian Messer
    Email Address: