2002 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Dillard
JLARC Tier 1 - Deduction of Local Revenues

Item 147 #29h

Item 147 #29h

First Year - FY2003 Second Year - FY2004
Education: Elementary and Secondary
Direct Aid To Public Education FY2003 $49,351,848 FY2004 $49,678,550 GF

Page 105, line 2, strike "$2,706,307,904" and insert "$2,755,659,752".
Page 105, line 2, strike "$2,720,585,511" and insert "$2,770,264,061".

(This amendment reflects the cost of discontinuing the current practice of deducting prevailing locally generated revenues from Standards of Quality (SOQ) cost calculations. By no longer deducting these prevailing revenues from SOQ costs, the state share of SOQ costs will increase by $49.4 million in the first year and $49.7 million in the second year. This is one of three amendments to implement the Tier 1 recommendations from the Joint Legislative Audit and Review Commission Report, Review of Elementary and Secondary School Funding.)