|Date Requested:February 08, 2012
Time Requested:02:37 PM
| FUND(S) |
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
|The purpose of this bill is to reduce the amount of local property tax collections captured in the local share calculation from 90% to 80% in FY 13 and then further reduce it to 70% for FY 14 and thereafter; increase the minimum amount of funding for the improvement of instructional programs to $50 million; increase the amount of funding for alternative education programs to $8 million; provide $5 million to be used for capacity building in low performing schools; and create a reserve amount from the reduction in salary allowances caused by a decrease in enrollment to be used for professional and service personnel salary increases.|
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||65,346,293||112,605,119|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
This proposed legislation will result in an increase in the appropriation request for the Public School Support Program by an estimated $65,346,293 in FY 2013 and an estimated $112,605,119 in FY 2014 and thereafter.