2004 Special Session I

Budget Amendments - HB5001 (Conference Report)

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Basic Aid Offset From Sales Tax Elimination of Certain Sales Tax Exemption

Item 146 #7c

Item 146 #7c

First Year - FY2005 Second Year - FY2006
Education: Elementary and Secondary
Direct Aid To Public Education FY2005 ($9,962,270) FY2006 ($11,991,817) GF

Page 105, line 15, strike "$2,920,427,133" and insert "$2,910,464,863".
Page 105, line 15, strike "$2,934,464,120" and insert "$2,922,472,303".

(This amendment offsets, as required by the funding formula calculation, the state's share for basic aid payments to localities by $21.9 million in 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. There is a companion amendment in Item 147 that reflects the increased distribution.)