SB472 - Makes adjustments to the school foundation formula
||Makes adjustments to the school foundation formula
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|LR Number:||1584S.01I ||Fiscal Note:||1584-01|
|Last Action:||04/15/03 - Hearing Conducted S Education Committee ||Journal page:|| |
|Effective Date:||August 28, 2003 |
SB 472 - This act seeks to adjust the foundation formula by
excluding the desegregation students from the 1997-1998 line 14a
calculation. This exclusion will calibrate the artificially
inflated 1997-1998 line 14 numbers so any subsequent growth in a
district's free and reduced lunch population will be represented
in the formula.
Also, the act attempts to repair a "glitch" in the formula.
Currently, an unintended consequence of the formula penalizes
school districts which set their levies between 2.75 and 2.93 by
reducing their share of state funding. This act prescribes that
no school district will receive less on line 14 (a & b) than it
would if that district's levy was no greater than 2.75. In other
words, school districts would not be penalized for raising levies
in excess of 2.75.
This act is identical to SB 681 (2002).