2004 Session

Budget Amendments - HB30 (Committee Approved)

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Basic Aid Offset From Sales Tax in HB 1488 Elimination of Certain Sales Tax Exemption

Item 146 #7h

Item 146 #7h

First Year - FY2005 Second Year - FY2006
Education: Elementary and Secondary
Direct Aid To Public Education FY2005 ($32,647,114) FY2006 ($32,646,231) GF

Page 105, line 15, strike "$2,920,427,133" and insert "$2,887,780,019".
Page 105, line 15, strike "$2,934,464,120" and insert "$2,901,817,889".

(This amendment decreases the state's share for basic aid payments to localities by $32.6 million in each year of the biennium as a result of the one cent sales tax collected and dedicated to public education from the revenues estimated to be generated through the elimination of certain sales tax exemptions as specified in House Bill 1488.)