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2022 Session

Budget Amendments - HB30 (Floor Approved)

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Direct Aid - Update Sales Tax Estimate

Item 137 #5h

Item 137 #5h

First Year - FY2023 Second Year - FY2024
Education
Direct Aid to Public Education FY2023 ($57,397,735) FY2024 ($1,238,170) GF

Language
Page 140, line 5, strike "$9,353,567,746" and insert "$9,296,170,011".
Page 140, line 5, strike "$9,071,830,605" and insert "$9,070,592,435".

Page 140, line 37, strike "$3,666,351,421" and "$3,736,217,316" and insert:

"$3,797,040,271" and "$3,796,252,976".

Page 140, line 38, strike "$1,741,500,000" and "$1,645,200,000" and insert:

"$1,611,700,000" and "$1,642,400,000".



Explanation

(This amendment removes $57.4 million the first year from the general fund and $1.2 million the second year from the general fund, representing the net impact of House Bill 90, which exempts food purchased for human consumption and essential personal hygiene products from all state, regional, and local sales taxes. Sales tax revenues will be reduced by $129.8 million in the first year and by $2.8 million in the second year with the removal of the grocery tax, resulting in an offsetting increase in basic aid costs.)