| Date Requested:February 08, 2012 Time Requested:02:37 PM |
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| FUND(S) | |||
|---|---|---|---|
Sources of Revenue | |||
| General Fund | |||
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. |
| Over-all effect |
| Effect of Proposal | Fiscal Year | ||
|---|---|---|---|
| 2012 Increase/Decrease (use"-") |
2013 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) | |
| 1. Estmated Total Cost | 0 | 65,346,293 | 112,605,119 |
| 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):
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. |