2006 Session

Budget Amendments - SB30 (Committee Approved)

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Inflation Adjustment

Item 135 #6s

Item 135 #6s

First Year - FY2007 Second Year - FY2008
Education: Elementary and Secondary
Direct Aid To Public Education FY2007 ($16,789,458) FY2008 ($16,827,356) GF

Page 108, line 9, strike "$5,870,354,889" and insert "$5,853,565,431".
Page 108, line 9, strike "$6,000,814,369" and insert "$5,983,987,013".

(This amendment reflects the savings based on applying an adjusted scale, or "soft cap," on funded inflation rates in the Standards of Quality funding model. Specifically, inflation rates are funded at 100 percent up to 5.0 percent, the ten-year average, and then at 35 percent for that amount of the inflation rate above 5.0 percent. The average inflation rate for the 2006-08 re-benchmarking was 7.30 percent, compared with 4.66 percent last biennium.)