Sources of Revenue:

General Fund

Legislation creates:

Neither Program nor Fund

Fiscal Note Summary

Effect this measure will have on costs and revenues of state government.


Fiscal Note Detail

Effect of Proposal Fiscal Year
Fiscal Year
(Upon Full
1. Estmated Total Cost 0 56,818,231 56,818,231
Personal Services 0 0 0
Current Expenses 0 0 0
Repairs and Alterations 0 0 0
Assets 0 0 0
Other 0 0 0
2. Estimated Total Revenues 0 0 0

Explanation of above estimates (including long-range effect):

    The purpose of this bill is to reduce the local share taken into consideration for the state aid funding formula by 50% of the increase in local tax collections over the most recent five-year period.
    The estimated cost of this proposal to the State through the Public School Support Program for the 2011-12 year is $56,818,231.



    Person submitting Fiscal Note: Pam Bird for Joe Panetta
    Email Address: