2014 Session

Budget Amendments - HB30 (Committee Approved)

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Technical - Corrected True Property Values in LCI Calculation

Item 136 #9h

Item 136 #9h

First Year - FY2015 Second Year - FY2016
Education: Elementary and Secondary
Direct Aid To Public Education FY2015 $81,436 FY2016 $49,789 GF

Page 107, line 50, strike "$6,168,046,960" and insert "$6,168,128,396".
Page 107, line 50, strike "$6,217,037,169" and insert "$6,217,086,958".

(This technical amendment provides $81,436 the first year and $49,789 the second year from the general fund to reflect the corrected True Property Values (TPV) data reported to the Department of Taxation by three school divisions: Charlotte, Richmond County and Hampton. The revised adjusted TPV will change the final local composite index updates for the fiscal year 2014-2016 biennium and will result in slightly more state funding.)