PERSICO, MAUTINO, FRANKS, BEAUBIEN, SKINNER, JOHNSON,TIM,
WIRSING, STEPHENS, DAVIS,STEVE, OSMOND, KRAUSE, GIGLIO,
SCULLY, HARRIS, FOWLER, JOHNSON,TOM, DAVIS,MONIQUE,
GARRETT, MATHIAS AND HOFFMAN.
SCHOOLS AID FORMULA CHANGES
Synopsis of Bill as introduced:
Amends the School Code. Revises the State aid formula. Changes
the manner of computing the Available Local Resources for school
districts maintaining grades 9 through 12 and the manner of adjusting
the equalized assessed valuation of the taxable property of those
districts because of enterprise zone and other tax abatements by
reducing a component of the formulas used to make those computations
and adjustments to 1.00% from 1.20%. Changes the manner of determining
the Low Income Concentration Level of school districts of less than
500,000 inhabitants for the 1999-2000 and 2000-2001 school years.
years. Effective July 1, 1999.
FISCAL NOTE (State Board of Education)
General State Aid would increase by an estimated $40 million
and Hold Harmless would decrease by $25 million for FY2000.
Low-Income Concentration calculation change would increase GSA
by $500,000 in FY2000.
STATE MANDATES NOTE (State Board of Education)
Same as SBE fiscal note.
Last action on Bill: SESSION SINE DIE
Last action date: 01-01-09
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status