2008 Session

Budget Amendments - SB30 (Conference Report)

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Mid-Year Sales Tax Revenue ReForecast Estimates

Item 140 #7c

Item 140 #7c

First Year - FY2009 Second Year - FY2010
Education: Elementary and Secondary
Direct Aid To Public Education FY2009 ($10,870,373) FY2010 ($14,658,747) GF

Page 115, line 57, strike "$6,399,847,793" and insert "$6,388,977,420".
Page 115, line 57, strike "$6,599,719,818" and insert "$6,585,061,071".

(This amendment adjusts the one and one-eighth cents sales tax revenues, allocated to public education based on school-aged population, by the decreased amounts reflected and contained in the mid-year reforecast estimates. The revised forecast for sales tax for public education decreased by $25.0 million in fiscal year 2009 and $33.8 million in fiscal year 2010. The decreases result in an offsetting increase in the state's share of Basic Aid of $14.1 million in fiscal year 2009, and $19.1 increase in fiscal year 2010. The net allocations to school divisions are estimated to decrease by $10.9 million in the first year and by $14.7 million in the second year.)