| SB 0205 | Adds CPI adjustment to "hold harmless" school districts' school aid |
| Sponsor: | Gross | Co-Sponsor(s) | ||
| LR Number: | 0091S.01I | Fiscal Note: | 0091-01 | |
| Committee: | Education | |||
| Last Action: | 01/22/03 - Second Read and Referred S Education Committee | Journal page: | S117 | |
| Title: | ||||
| Effective Date: | August 28, 2003 | |||
SB 205 - 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 requires districts to have an operating levy of at least $2.75 in order to receive the hold harmless payment adjustment. This act would cause the hold harmless per eligible pupil payment amount to be adjusted, relative to the 1992-1993 school year amount, by the cumulative (CPI) increase from the 2003-04 school year to the current year.
This act is similar to SB 863 (2002).
DONALD THALHUBER