2004 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Amundson
Composite Index Formula Adjustment

Item 146 #30h

Item 146 #30h

First Year - FY2005 Second Year - FY2006
Education: Elementary and Secondary
Direct Aid To Public Education FY2005 $0 FY2006 $98,200,000 GF

Page 105, line 15, strike "$2,934,464,120" and insert "$3,032,664,120".
Page 107, after line 40,  insert "a. Beginning July 1, 2005, the state shall use three year rolling averages for the state and local real property, sales tax, income, population, average daily membership, and other components, as provided in the appropriation act."
Page 107, line 41, strike "a." and insert "b."
Page 107, line 56, strike "b.1" and insert "c.1."

(This amendment provides funding to adjust the components in the composite index formula such that a three year rolling average is used in the calculations for state and local share distributions.)