2004 Special Session I

Budget Amendments - HB5001 (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.)