- Introduced -

SB 926 - This act authorizes an annual, incremental adjustment to state school aid payments to "hold harmless" districts. Hold harmless districts are those which receive state aid based upon the district's per pupil payment amount for the 1992-93 school year. The actual amount of the adjustment is the percentage increase in the guaranteed tax base(GTB) from the previous year to the current year, and such increase shall be applied for any year in which the school aid formula is prorated at no less than 100% of full funding.

OTTO FAJEN