2002 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Christian
Comp. Index Using Median Income

Item 147 #14h

Item 147 #14h

First Year - FY2003 Second Year - FY2004
Education: Elementary and Secondary
Direct Aid To Public Education FY2003 $31,000,000 FY2004 $31,400,000 GF

Page 105, line 2, strike "$2,706,307,904" and insert "$2,737,307,904".
Page 105, line 2, strike "$2,720,585,511" and insert "$2,751,985,511".
Page 108, after line 16, insert:
"e.  The Department of Education shall compute the composite index of local ability-to-pay for localities with skewed average adjusted gross income levels using an average of total Adjusted Gross Income and median Adjusted Gross Income indices.  The Department of Taxation shall furnish to the Department of Education such data as are necessary to implement these provisions."

(This amendment implements the methodology outlined in the Joint Legislative Audit and Review Commission's report Review of Elementary and Secondary School Funding for median income. This adjustment accounts for income disparity in computing the composite index of local ability-to-pay.)