2010 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Hanger
Reinstate Dealer Discount

Item 132 #9s

Item 132 #9s

First Year - FY2011 Second Year - FY2012
Education: Elementary and Secondary
Direct Aid To Public Education FY2011 ($9,135,000) FY2012 ($9,135,000) GF

Page 75, line 12, strike "$5,580,822,781" and insert "$5,571,687,781".
Page 75, line 12, strike "$5,780,481,577" and insert "$5,771,346,577".

(This amendment reflects the net impact on the State SOQ appropriation of restoring the Retail Sales and Use Tax dealer discount that was eliminated in the introduced budget. A loss of sales tax revenue that is dedicated to public education is partially offset by localities, thereby resulting is a net savings for the state share of public education costs. Companion amendments strike language in Part III of the budget authorizing the elimination of the dealer discount and reduce the front page revenue estimates accordingly.)