2008 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Watts
Composite Index Formula & Population Density

Item 140 #34h

Item 140 #34h

First Year - FY2009 Second Year - FY2010
Education: Elementary and Secondary
Direct Aid To Public Education FY2009 ($183,400,000) FY2010 ($192,900,000) GF

Page 115, line 57, strike "$6,399,847,793" and insert "$6,216,447,793".
Page 115, line 57, strike "$6,599,719,818" and insert "$6,406,819,818".
Page 120, after line 43, insert:
"f. The Department of Education shall modify
the current Standards of Quality (SOQ) funding formula and calculation of composite index of local ability-to-pay, and modify the formula that determines each locality's ability to pay for its share of providing an educational program meeting the prescribed SOQ to (i) incorporate tax values and population estimates for the fiscal year ending one year prior to the fiscal biennium in which the distribution takes place; (ii) provide for a population density adjustment in certain localities; and (iii) incorporate median, rather than average, adjusted gross income.  This measure reflects certain recommendations included in the Joint Legislative Audit and Review Commission (JLARC) Review on Elementary and Secondary School Funding (February 2002)."

(This amendment saves $183.4 million the first year and $192.0 million the second year in the general fund by modifying the calculation to the composite index formula based on guidelines and recommendations outlined in the JLARC study from 2002. The resulting action from this amendment and accompanying legislation would decrease the state funding from 95 school divisions by $620.2 million and increase the state funding to 41 school divisions and increase their state funding by $244.0 million. This amendment is a companion to House Bill 1048.)