2004 Special Session I

Budget Amendments - HB5001 (Committee Approved)

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Restore Funding to Basic Aid by Eliminating the Local Revenue Deductions

Item 146 #8h

Item 146 #8h

First Year - FY2005 Second Year - FY2006
Education: Elementary and Secondary
Direct Aid To Public Education FY2005 $54,952,763 FY2006 $55,634,004 GF

Page 105, line 15, strike "$2,920,427,133" and insert "$2,975,379,896".
Page 105, line 15, strike "$2,934,464,120" and insert "$2,990,098,124".

(This amendment restores the state's share for basic aid payments to localities by $55.0 million the first year and $55.6 million the second year of the biennium as a result of eliminating the local revenue deduction policy that was introduced in House Bill 5001 from direct aid funding.)