2005 Session

Budget Amendments - SB700 (Conference Report)

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Provide basic aid offset for the correct sales tax estimate

Item 146 #3c

Item 146 #3c

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 reflects the offset to 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 the budget bill 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 are companion amendments in Items 147 and 157.10.)