Milwaukee Parental Choice Program Nonrefundable Fee

FISCAL NOTE

A nonrefundable fee will be charged to private schools intending to participate in the Milwaukee Parental Choice Program to cover the costs of employing one full-time auditor to evaluate the financial information submitted by the private schools under the program. The fee is due annually by February 1 in the preceding school year of a private school's participation.

The annual fee will be determined by dividing the cost of the full-time auditor position by the number of schools that submitted information required on the previous October 1 (rounded to the nearest dollar). For the 2010-11 school year, the cost of a full-time auditor for one year (July 1, 2010 - July 30, 2011) would be approximately $146,200. Assuming 125 schools will be participating in the program, the approximate fee to be charged would be $1,170 per school ($146,200 ÷ 125 = $1,170).

Based on this amount, it is assumed the rules will have no significant economic impact on small businesses, as defined in s. 227.114 (1) (a), Stats.

These rules have no local fiscal effect.

For questions about this information, contact Loretta L. Slauson (608) 267-9127

Last updated on 9/16/2009 2:57:51 PM