Date Requested:January 13, 2011
Time Requested:06:38 PM
Agency: Education, Department of
CBD Number: Version: Bill Number: Resolution Number:
2011R1785 Introduced HB2112
CBD Subject: REVISE SCHOOL AID FORMULA
FUND(S)
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
Over-all effect
Effect of Proposal Fiscal Year
2011
Increase/Decrease
(use"-")
2012
Increase/Decrease
(use"-")
Fiscal Year
(Upon Full
Implementation)
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
3. 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.
    


Memorandum
Person submitting Fiscal Note:
Pam Bird for Joe Panetta
Email Address:
pbird@access.k12.wv.us