2012 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: McDougle
Composite Index-Real Property Value (language only)

Item 139 #38s

Item 139 #38s

Education: Elementary and Secondary
Direct Aid To Public Education

Page 100, after line 42, insert:
"f.  It is the intent of the General Assembly that the formula for the Composite Index of Local Ability-to-Pay be reviewed to include whether adjustments should be made in future biennial budgets to the true value of real property amounts to account for localities with higher assessed values due to waterfront properties."

(This amendment is self-explanatory.)