Text: SSB00118 Text: SSB00120 Text: SSB00100 - SSB00199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 257.4, Code 1995, is amended by adding 1 2 the following new subsection: 1 3 NEW SUBSECTION. 1A. SUPPLEMENTAL AID FOR 1995-1996. 1 4 However, for the budget year beginning July 1, 1995, if the 1 5 rate of the additional property tax levy determined under 1 6 subsection 1 for the budget year exceeds the rate that would 1 7 have been determined for the budget year if the state percent 1 8 of growth for the budget year was established at three percent 1 9 instead of at four and two-tenths percent, the department of 1 10 management shall reduce the rate of the additional property 1 11 tax levy by the amount of the excess. The department shall 1 12 include in state aid payments made to the school district 1 13 under section 257.16 during the budget year the amount of the 1 14 reduction in property tax revenues made under this subsection. 1 15 Moneys received by a school district under this subsection 1 16 shall be considered revenues generated from the additional 1 17 property tax under this section. 1 18 Sec. 2. Section 257.14, unnumbered paragraph 1, Code 1995, 1 19 is amended to read as follows: 1 20 For the budget years commencing July 1, 1991, July 1, 1992, 1 21 July 1, 1993, July 1, 1994, and July 1, 1995, if the 1 22 department of management determines that the regular program 1 23 district cost of a school district for a budget year is less 1 24 than one hundred percent, or for the budget year beginning 1 25 July 1, 1995, less than one hundred one percent, of the total 1 26 of the regular program district cost plus any adjustment added 1 27 under this section for the base year for that school district, 1 28 the department of management shall provide a budget adjustment 1 29 for that district for that budget year that is equal to the 1 30 difference. For the budget year commencing July 1, 1995, 1 31 there is appropriated from the general fund of the state to 1 32 the department of education an amount sufficient to pay, as 1 33 state supplementary aid, to those school districts the 1 34 additional adjustment amounts added to their budgets as a 1 35 result of increasing from a one hundred percent budget 2 1 guarantee to a one hundred one percent budget guarantee. 2 2 Sec. 3. Section 257.16, unnumbered paragraph 1, Code 1995, 2 3 is amended to read as follows: 2 4 There is appropriated each year from the general fund of 2 5 the state an amount necessary to pay the foundation aid and 2 6 supplementary aid under section 257.4,subsectionsubsections 2 7 1A and 2. 2 8 Sec. 4. This Act, being deemed of immediate importance, 2 9 takes effect upon enactment and applies to the school budget 2 10 year beginning July 1, 1995. 2 11 EXPLANATION 2 12 The bill requires the state to pay to each school district 2 13 the amount of the additional property tax a school district 2 14 would need to raise because of the state percent of growth 2 15 being set at 4.2 percent instead of 3.0 percent. 2 16 Present law guarantees that a school district's regular 2 17 program district costs for the budget year beginning July 1, 2 18 1995, will equal at least 100 percent of those district costs 2 19 plus any cost guarantee adjustment for the previous school 2 20 budget years. This bill increases that guarantee from 100 2 21 percent to 101 percent for the budget year beginning July 1, 2 22 1995. The bill makes appropriations from the state general 2 23 fund to pay school districts the amounts by which their 2 24 additional property tax revenues are reduced and by which 2 25 their budgets increased because of the guarantee being changed 2 26 from 100 percent to 101 percent. 2 27 The bill takes effect upon enactment. 2 28 LSB 2111XC 76 2 29 mg/cf/24
Text: SSB00118 Text: SSB00120 Text: SSB00100 - SSB00199 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
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