1998 Session

Budget Amendments - SB30 (Committee Approved)

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Composite Index Transition Payment

Item 138 #7s

Item 138 #7s

First Year - FY1999 Second Year - FY2000
Education: Elementary and Secondary
Direct Aid To Public Education FY1999 $1,125,420 FY2000 $0 GF

Page 93, line 14, strike "$2,363,701,528" and insert "$2,364,826,948".
Page 102, line 31, after "Loss" insert "/Composite Index Transition".
Page 102, before line 32, insert "a."
Page 102, after line 40, insert:
"b.  An additional state payment of $1,125,420 in the first year from the general fund shall be disbursed by the Department of Education to provide a one-time transitional payment to school divisions experiencing a negative state funding impact due to the recalculation of the components of the composite index of local ability-to-pay for the 1998-2000 biennium.  The additional payment shall be made to local school divisions requesting such payment, in an amount equal to five percent of the difference between the funding the division would have received in SB30, as introduced, in Direct Aid to Public Education payments in the first year under their 1998-2000 composite index and the amount they would have received in SB30, as introduced, in the first year using the 1996-98 composite index.  For purposes of the calculation, state allocations shall include payments from Basic Aid, Salary Supplement, Textbooks, Vocational Education (SOQ), Special Education (SOQ), Gifted, Remedial, Remedial Summer School, Public School Employee Benefits (Retirement, Social Security, Group Life Insurance, Harper Account), Sales Tax, Enrollment Loss, At-Risk, Maintenance Supplement, Primary Class Size, and English as a Second Language."

(This amendment would provide a one-time transitional payment to school divisions with a higher composite index in 1998-2000. The payment is 5 percent of what each division would have received in state funding in 1998-2000, if the composite index from the previous biennium had been used to calculate the state share.)