2003 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Petersen
Median AGI in Composite Index

Item 147 #6h

Item 147 #6h

First Year - FY2003 Second Year - FY2004
Education: Elementary and Secondary
Direct Aid To Public Education FY2003 $0 FY2004 $29,898,305 GF

Page 134, line 39, strike "$2,699,348,781" and insert "$2,729,247,086".
Page 138, after line 26, 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.)