COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. NO.: 3975-01
BILL NO.: SB 926
SUBJECT: Education, Elementary and Secondary: State Aid
TYPE: Original
DATE: February 2, 2000
FISCAL SUMMARY
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| State School Moneys | ($12,000,000) | ($12,000,000) | ($12,000,000) |
| Total Estimated
Net Effect on All State Funds |
($12,000,000) | ($12,000,000) | ($12,000,000) |
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2001 | FY 2002 | FY 2003 |
| School Districts | $12,000,000 | $12,000,000 | $12,000,000 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
Officials from the Department of Elementary and Secondary Education (DESE) assume the proposal would increase the cost to fund the foundation formula at a proration factor of 1.0 by a minimum of $12 million. Hold harmless school districts would receive this additional state aid.
| FISCAL IMPACT - State Government | FY 2001
(10 Mo.) |
FY 2002 | FY 2003 |
| STATE SCHOOL MONEYS FUND | |||
| Cost-Department of Elementary and Secondary Education (DESE) | |||
| State Aid | ($12,000,000) | ($12,000,000) | ($12,000,000) |
| FISCAL IMPACT - Local Government | FY 2001
(10 Mo.) |
FY 2002 | FY 2003 |
| SCHOOL DISTRICTS | |||
| Income-School Districts | |||
| State Aid | $12,000,000 | $12,000,000 | $12,000,000 |
FISCAL IMPACT - Small Business
No direct fiscal impact to small businesses would be expected as a result of this proposal.
DESCRIPTION
The proposal would revise state school aid to "hold harmless" districts by increasing additional payments annually by the percentage increase in the guaranteed tax base.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Department of Elementary and Secondary Education
Jeanne Jarrett, CPA
Director
February 2, 2000