2005 Session

Budget Amendments - HB1500 (Committee Approved)

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Provide basic aid offset for the correct sales tax estimate

Item 146 #1h

Item 146 #1h

First Year - FY2005 Second Year - FY2006
Education: Elementary and Secondary
Direct Aid To Public Education FY2005 ($225,199) FY2006 ($789,513) GF

Page 133, line 35, strike "$3,065,227,495" and insert "$3,065,002,296".
Page 133, line 35, strike "$3,223,517,215" and insert "$3,222,727,702".
Page 143, line 52, strike "$79,100,000" and insert "$79,400,000".
Page 143, line 53, strike "$110,700,000" and insert "$112,000,000".

(This amendment offsets basic aid based on the final sales tax estimate provided by the Department of Taxation. It decreases the state's share for basic aid payments to localities by $1.0 million in the biennium as a result of a correction realized after House Bill 1500 was introduced. This is the corresponding offset in basic aid as a result of an additional $1.8 million in sales tax being distributed to school divisions. There is a companion amendment in sales tax under Items 147 and 157.10.)