2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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Basic Aid Offset From 1/8 Sales Tax

Item 146 #22c

Item 146 #22c

First Year - FY2005 Second Year - FY2006
Education: Elementary and Secondary
Direct Aid To Public Education FY2005 ($47,036,357) FY2006 ($59,351,153) GF

Page 105, line 15, strike "$2,920,427,133" and insert "$2,873,390,776".
Page 105, line 15, strike "$2,934,464,120" and insert "$2,875,112,967".

(This amendment offsets the state's share for basic aid payments to localities by $106.4 million in the biennium as a result of the 1/8 cent sales tax from the Public Education Standards of Quality/Local Real Estate Property Tax Relief Fund that is distributed on the basis of school-aged population. There is a companion amendment in Item 147 that reflects the increased distribution.)