Fiscal Impact Statement
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DATE: 3/17/2023
BILL: HB1668,
SPONSOR: Mayberry
SUBTITLE:
TO AMEND THE PUBLIC SCHOOL FUNDING ACT OF 2003; AND TO AMEND THE TARGET AVERAGE
ANNUAL TEACHER SALARY FOR PURPOSES OF TEACHER SALARY EQUALIZATION FUNDING.
______________________________________________________________________________
TOPIC
Teacher Salary Equalization
AFFECTED FUNDS
Click here to enter text.
REVENUE IMPACT
Estimated 18.2M
ASSUMPTIONS - BASED ON:
Raising the average teacher salary to $61,182 for teacher salary equalization funding will make the
estimated cost in FY24 $71.8M, compared to $53.6 if it is left at $51,822.
ADDITIONAL COMMENTS
Prepared by the Arkansas Department of Education


Statutes affected:
HB 1668: 6-20-2305(b)