COMMITTEE ON LEGISLATIVE RESEARCH

OVERSIGHT DIVISION


FISCAL NOTE

 

L.R. No.:         4979-01

Bill No.:          HB 2131

Subject:           Governor and Lieutenant Governor; Lotteries; Salaries

Type:              Original

Date:               February 23, 2010





 

Bill Summary:            This proposal establishes the Governor Nixon’s Federal Scratch-Off, Match-Off Fund to use a portion of the Governor’s salary for the purchase of Missouri Powerball lottery tickets.


FISCAL SUMMARY


ESTIMATED NET EFFECT ON GENERAL REVENUE FUND

FUND AFFECTED

FY 2011

FY 2012

FY 2013

 

 

 

 

Total Estimated

Net Effect on

General Revenue

Fund

$0

$0

$0


ESTIMATED NET EFFECT ON OTHER STATE FUNDS

FUND AFFECTED

FY 2011

FY 2012

FY 2013

Governor Nixon’s Federal Scratch-Off, Match-Off Fund

$0

$0

$0

 

 

 

 

Total Estimated

Net Effect on Other

State Funds

$0

$0

$0


Numbers within parentheses: ( ) indicate costs or losses.

This fiscal note contains 4 pages.




ESTIMATED NET EFFECT ON FEDERAL FUNDS

FUND AFFECTED

FY 2011

FY 2012

FY 2013

 

 

 

 

 

 

 

 

Total Estimated

Net Effect on All

Federal Funds

$0

$0

$0



ESTIMATED NET EFFECT ON FULL TIME EQUIVALENT (FTE)

FUND AFFECTED

FY 2011

FY 2012

FY 2013

 

 

 

 

 

 

 

 

Total Estimated

Net Effect on

FTE

0

0

0


Estimated Total Net Effect on All funds expected to exceed $100,000 savings or (cost).


Estimated Net Effect on General Revenue Fund expected to exceed $100,000 (cost).


ESTIMATED NET EFFECT ON LOCAL FUNDS

FUND AFFECTED

FY 2011

FY 2012

FY 2013

Local Government

$0

$0

$0








FISCAL ANALYSIS


ASSUMPTION


Officials from the Missouri Lottery Commission assume the bill would have no significant fiscal impact for the Lottery.


Officials from the Office of the State Treasurer, Office of the Governor and Office of Administration did not respond to our request for fiscal impact.


Oversight will not speculate as to the potential winnings of the purchased powerball tickets.



FISCAL IMPACT - State Government

FY 2011

(10 Mo.)

FY 2012

FY 2013

GOVERNOR NIXON’S FEDERAL SCRATCH-OFF, MATCH-OFF FUND

 

 

 

 

 

 

 

Income - contributions from Governor Nixon ($2 x 24 pay periods)

$40

$48

$48

 

 

 

 

Costs - purchase of weekly powerball tickets ($1 per week - limited by income)

($40)

($48)

($48)

 

 

 

 

ESTIMATED NET EFFECT TO THE GOVERNOR NIXON’S FEDERAL SCRATCH-OFF, MATCH-OFF FUND



$0



$0



$0

 

 

 

 





FISCAL IMPACT - Local Government

FY 2011

(10 Mo.)

FY 2012

FY 2013

 

 

 

 

 

$0

$0

$0


 


FISCAL IMPACT - Small Business


No direct fiscal impact to small businesses would be expected as a result of this proposal.



FISCAL DESCRIPTION


This bill requires a $2 deduction each pay period from the Governor's personal pay to be deposited into the newly created Governor Nixon's Federal Scratch-Off, Match-Off Fund. One dollar from the fund will be used to purchase a Powerball lottery ticket each week on behalf of the citizens of the state. Any winnings collected must be deposited into the fund until it exceeds $300 million. At that time, the Governor is authorized to dissolve the fund and transfer the moneys to the General Revenue Fund for the purpose of filling any budget shortfall.


This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.



SOURCES OF INFORMATION


Missouri Lottery Commission


NOT RESPONDING:

Office of the State Treasurer

Office of the Governor

Office of Administration




                                                                                                Mickey Wilson, CPA

                                                                                                Director

                                                                                                February 23, 2010