|SB 0654||Adds CPI adjustment to "hold harmless" school districts' school aid|
|LR Number:||2538S.01I||Fiscal Note:||2538-01|
|Last Action:||02/02/00 - Hearing Conducted S Education Committee||Journal page:|
|Effective Date:||August 28, 2000|
SB 654 - This act revises school aid for school districts
which are paid based upon the district's 1992-93 per eligible
pupil payment amount rather than the payment amount calculated
under the current formula (including some portion of Line 14
payment) because the 1992-93 payment amount is greater. Such
districts are generally referred to as "hold harmless" districts.
This act would cause the hold harmless per eligible pupil payment
amount to be adjusted, relative to the 1999-2000 school year
amount, by the cumulative consumer price index (CPI) increase
from the 1999-2000 school year to the current year.