91st General Assembly
Summary of HB1134
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Status
House Sponsors:
CROTTY-COWLISHAW-MURPHY-MCCARTHY-KOSEL, BROSNAHAN, 
   GIGLIO, KENNER, STROGER, O'BRIEN, CURRY,JULIE, NOVAK, 
   LYONS,EILEEN, OSMOND, MCGUIRE, LINDNER, 
   FEIGENHOLTZ, ERWIN, MOORE,ANDREA, KRAUSE, JOHNSON,TOM, 
   MULLIGAN, BASSI, DELGADO, FOWLER, GARRETT, GILES, HOEFT, 
   SMITH,MICHAEL, WINKEL, MITCHELL,JERRY, BRADLEY, BUGIELSKI, 
   ACEVEDO, TURNER,ART, SCOTT, FLOWERS, SHARP, PUGH, 
   DART, LANG, FRITCHEY, COULSON, HOWARD, HARRIS, FRANKS, 
   BURKE, CAPPARELLI, SKINNER, GASH, ZICKUS AND DURKIN.

Senate Sponsors:
O'MALLEY-KARPIEL-BERMAN-RADOGNO-CRONIN

Short description: 
SCH CD-ST AID-LOCAL RESOURCES                                              

Synopsis of Bill as introduced:
        Amends the  School  Code.   Provides  that  the  Available  Local      
   Resources  of a grant-eligible district, as a component of the formula      
   by which that district's general  State  aid  is  computed,  shall  be      
   determined  using  an  equalized  assessed valuation of the district's      
   taxable property that reflects the limitations placed by the  Property      
   Tax  Extension  Limitation  Law on the growth in district property tax      
   revenues.  Effective July 1, 1999.                                          
        HOUSE AMENDMENT NO. 1.                                                 
        Replaces provisions concerning the calculation of  the  Extension      
   Limitation   Equalized   Assessed  Valuation  of  a  school  district.      
   Provides instead that, for the 1999-2000 school  year,  the  Extension      
   Limitation  Equalized Assessed Valuation of a school district shall be      
   equal to  the  product  of  the  district's  1996  Equalized  Assessed      
   Valuation  and  the district's Extension Limitation Ratio and, for the      
   2000-2001 school year and each school year thereafter, shall be  equal      
   to  the  product of the last calculated Extension Limitation Equalized      
   Assessed Valuation and the district's Extension Limitation Ratio.           
          FISCAL NOTE (State Board of Education)                               
          Increased cost for General State Aid would be in excess of           
          $60 million in FY2000.                                               
          STATE MANDATES NOTE (State Board of Education)                       
          Same as SBE fiscal note.                                             
        SENATE AMENDMENT NO. 1.                                                
        Provides that the term "Preceding Tax Year's Tax Extension" means      
   the product of the equalized assessed valuation utilized by the County      
   Clerk in the Preceding Tax Year multiplied by the Operating  Tax  Rate      
   instead  of  the  limiting  rate.  Provides  that  for the purposes of      
   calculating general State aid for the 1999-2000 school year only, if a      
   school district experienced a triennial reassessment on the  equalized      
   assessed valuation used in calculating its general State financial aid      
   apportionment  for  the  1998-1999  school  year,  the  State Board of      
   Education shall calculate the Extension Limitation Equalized  Assessed      
   Valuation  that  would  have  been  used  to  calculate the district's      
   1998-1999 general State aid.  Provides that this  amount  shall  equal      
   the  product  of  the  equalized  assessed valuation used to calculate      
   general State aid for the 1997-1998 school  year  and  the  district's      
   Extension  Limitation Ratio. Provides that if the Extension Limitation      
   Equalized Assessed Valuation of the school district is less  than  the      
   district's  equalized  assessed  valuation utilized in calculating the      
   district's 1998-1999 general State aid allocation, then  for  purposes      
   of  calculating  the  district's  general  State aid pursuant to these      
   provisions, that Extension  Limitation  Equalized  Assessed  Valuation      
   shall   be  utilized  to  calculate  the  district's  Available  Local      
   Resources.  Provides that the amount of general State aid allocated to      
   a  school  district  for  the  1999-2000  school  year   meeting   the      
   requirements of these provisions shall be increased by an amount equal      
   to the general State aid that would have been received by the district      
   for  the  1998-1999  school year by utilizing the Extension Limitation      
   Equalized Assessed Valuation less the general State aid  allotted  for      
   the  1998-1999 school year.  Provides that this amount shall be deemed      
   a one time increase and shall not affect any future general State  aid      
   allocations.                                                                
        CONFERENCE COMMITTEE REPORT NO. 1.                                     
        Recommends that the House concur in S-am 1.                            
        Recommends that the bill be further amended as follows:                
        Increases the amount of general State aid allocated to  a  school      
   district  having a majority of its equalized assessed valuation in any      
   county except Cook, DuPage, Kane,  Lake,  McHenry,  or  Will  for  the      
   1999-2000 school year if certain conditions are met.                        
 
Last action on Bill: PUBLIC ACT.............................. 91-0111

   Last action date: 99-07-14

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   1


   END OF INQUIRY 
                                                                               



 Full Text  Bill Status