SB 0488 Revises funding to public community colleges
LR Number:S1607.05I Fiscal Note:1607-05
Last Action:04/14/99 - Voted Do Not Pass S Education Committee Journal page:
Effective Date:August 28, 1999
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Current Bill Summary

SB 488 - This act establishes a distribution formula for state aid to community colleges. The formula is a two-tiered formula:

1) First, each district receives sixty percent of its 1998- 99 funding amount as a base level of funding; then

2) The remaining appropriated amount is distributed to all districts on an full-time equivalent (FTE) enrollment basis.

This new formula will be phased in based upon increased appropriations, and the act guarantees each district will receive no less revenue (per FTE student) under the new formula than the district received from state aid in the 1998-99 school year.