Text: HF02483 Text: HF02485 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 257.13, Code Supplement 1999, is 1 2 amended by adding the following new subsection: 1 3 NEW SUBSECTION. 7. a. For the school budget year 1 4 beginning July 1, 2000, if a school district's estimated 1 5 actual enrollment for the budget year is greater than its 1 6 budget enrollment for the budget year as determined pursuant 1 7 to section 257.6, the school district shall be eligible to 1 8 receive an on-time funding budget adjustment. The adjustment 1 9 shall be equal to fifty percent of the difference between the 1 10 estimated actual enrollment for the budget year and the budget 1 11 enrollment for the budget year, multiplied by district cost 1 12 per pupil. 1 13 b. For purposes of this subsection, the estimated actual 1 14 enrollment shall be determined by a school district for the 1 15 school budget year beginning July 1, 2000, and utilized by the 1 16 district in calculating the amount of the budget adjustment to 1 17 be included in the district's certified budget by April 15, 1 18 2000, pursuant to section 24.17. The department of management 1 19 shall increase the amount of the district's additional 1 20 property tax levy for the school budget year beginning July 1, 1 21 2000, pursuant to section 257.4 by the amount of the on-time 1 22 funding budget adjustment. A school district may use moneys 1 23 from its unexpended cash balance or cash reserve moneys to 1 24 reduce any increase in the district's property tax levy that 1 25 would otherwise be necessary to fund the budget adjustment 1 26 provided pursuant to this subsection. 1 27 c. If, for a school district receiving an on-time funding 1 28 budget adjustment pursuant to this subsection, the estimated 1 29 actual enrollment for the school budget year beginning July 1, 1 30 2000, exceeds the actual enrollment count for the school 1 31 budget year beginning July 1, 2000, as determined on September 1 32 15, 2000, the department of management shall reduce the school 1 33 district's additional property tax levy determined pursuant to 1 34 section 257.4 for the school budget year beginning July 1, 1 35 2001, by the amount of property taxes raised in the school 2 1 budget year beginning July 1, 2000, as a result of the on-time 2 2 funding budget adjustment attributable to the excess of the 2 3 actual enrollment count over the estimated actual enrollment 2 4 count. If, for a school district receiving an on-time funding 2 5 budget adjustment pursuant to this subsection, the estimated 2 6 actual enrollment for the school budget year beginning July 1, 2 7 2000, is less than the actual enrollment count for the school 2 8 budget year beginning July 1, 2000, as determined on September 2 9 15, 2000, the school district shall be eligible to apply to 2 10 the school budget review committee for modified allowable 2 11 growth in the amount of the difference for the school budget 2 12 year beginning July 1, 2001. 2 13 d. If the board of directors of a school district 2 14 determines that a need exists for additional funds exceeding 2 15 the authorized budget adjustment for on-time funding pursuant 2 16 to this section, a request for modified allowable growth based 2 17 upon increased enrollment may be submitted to the school 2 18 budget review committee as provided in section 257.31. 2 19 Sec. 2. Section 257.14, subsection 1, Code Supplement 2 20 1999, is amended to read as follows: 2 21 1. a. For the budgetyearsyear commencingJuly 1, 1997,2 22July 1, 1998, andJuly 1,19992000, if the department of 2 23 management determines that the regular program district cost 2 24 of a school district for a budget year is less than ninety- 2 25 nine percent of the total of the regular program district cost 2 26 plus any adjustment added under this section for the base year 2 27 for that school district, the department of management shall 2 28 provide a budget adjustment for that district for that budget 2 29 year that is equal to the difference. A school district may 2 30 use moneys from its unexpended cash balance or cash reserve 2 31 moneys to reduce any increase in the district's property tax 2 32 levy that would otherwise be necessary to fund the budget 2 33 adjustment provided pursuant to this subsection. 2 34 b. The board of directors of a school district which is 2 35 eligible for a budget adjustment, pursuant to paragraph "a", 3 1 for the budget year beginning July 1, 2000, may, at the 3 2 board's discretion, utilize a combination of an income surtax 3 3 and a property tax to fund the budget adjustment amount. 3 4 Certification of a board's intent to utilize a combination of 3 5 an income surtax and a property tax to fund the budget 3 6 adjustment amount shall be made to the department of 3 7 management not later than April 15 of the base year. Subject 3 8 to the limitation specified in section 298.14, if the board 3 9 elects to use the combination of an income surtax and a 3 10 property tax, the board shall for the budget year beginning 3 11 July 1, 2000, determine the percent of income surtax that will 3 12 be imposed, expressed as full percentage points, not to exceed 3 13 twenty percent. 3 14 The department of management shall establish the amount of 3 15 property tax to be levied and the amount of income surtax to 3 16 be imposed by a district in accordance with the decision of 3 17 the board pursuant to this paragraph "b" for the school budget 3 18 year beginning July 1, 2000, and shall certify to the 3 19 district's county auditor the amount of property tax, and to 3 20 the director of revenue and finance the amount of income 3 21 surtax to be imposed. The income surtax shall be imposed on 3 22 the state individual income tax for the calendar year during 3 23 which the school's budget year begins, or for a taxpayer's 3 24 fiscal year ending during the second half of that calendar 3 25 year and after the date the board adopts a resolution to 3 26 utilize an income surtax or the first half of the succeeding 3 27 calendar year, and shall be imposed on all individuals 3 28 residing in the school district on the last day of the 3 29 applicable tax year. As used in this section, "state 3 30 individual income tax" means the taxes computed under section 3 31 422.5, less the credits allowed in sections 422.11A, 422.11B, 3 32 422.12, and 422.12B. 3 33 The provisions of sections 257.22 through 257.26 regarding 3 34 instructional support income surtax shall apply regarding 3 35 administration, depositing, certification, and distribution of 4 1 the income surtax imposed pursuant to this paragraph. 4 2 Sec. 3. Section 298.14, unnumbered paragraphs 1 and 2, 4 3 Code 1999, are amended to read as follows: 4 4 For each fiscal year, the cumulative total of the percents 4 5 of surtax approved by the board of directors of a school 4 6 district and collected by the department of revenue and 4 7 finance under sections 257.14, 257.21, 257.29, 279.54, and 4 8 298.2, and the enrichment surtax under section 442.15, Code 4 9 1989, and an income surtax collected by a political 4 10 subdivision under chapter 422D, shall not exceed twenty 4 11 percent. 4 12 A school district income surtax fund is created in the 4 13 office of treasurer of state. Income surtaxes collected also 4 14 by the department of revenue and finance under sections 4 15 257.14, 257.21, 257.29, 279.54, and 298.2 and section 442.15, 4 16 Code 1989, shall be deposited in the school district income 4 17 surtax fund to the credit of each school district. A separate 4 18 accounting of each surtax, by school district, shall be 4 19 maintained. 4 20 Sec. 4. EFFECTIVE DATE. This Act, being deemed of 4 21 immediate importance, takes effect upon enactment. 4 22 EXPLANATION 4 23 This bill provides additional funding authority for school 4 24 districts. 4 25 The bill provides that for the school budget year beginning 4 26 July 1, 2000, if a school district's estimated actual 4 27 enrollment for the budget year is greater than its budget 4 28 enrollment for the budget year, the school district shall be 4 29 eligible to receive an on-time funding budget adjustment. The 4 30 adjustment shall be equal to 50 percent of the difference 4 31 between the estimated actual enrollment for the budget year 4 32 and the budget enrollment for the budget year, multiplied by 4 33 the district cost per pupil. The bill provides that the 4 34 estimated actual enrollment shall be determined by a school 4 35 district for the school budget year beginning July 1, 2000, 5 1 and utilized by the district in calculating the amount of the 5 2 budget adjustment to be included in the district's certified 5 3 budget by April 15, 2000. The bill provides that the 5 4 department of management shall increase the amount of the 5 5 district's additional property tax levy for the school budget 5 6 year beginning July 1, 2000, by the amount of the on-time 5 7 funding budget adjustment. The bill provides that a school 5 8 district may use moneys from its unexpended cash balance or 5 9 cash reserve moneys to reduce any increase in the district's 5 10 property tax levy that would otherwise be necessary to fund 5 11 the budget adjustment provided pursuant to this subsection. 5 12 The bill contains provisions relating to adjusting property 5 13 tax levies in the year following the school budget year 5 14 beginning July 1, 2000, in the event of an overestimation or 5 15 underestimation of actual enrollment. The bill provides that 5 16 if the board of directors of a school district determines that 5 17 a need exists for additional funds exceeding the authorized 5 18 budget adjustment for on-time funding, a request for modified 5 19 allowable growth based upon increased enrollment may be 5 20 submitted to the school budget review committee as provided in 5 21 Code section 257.31. 5 22 The bill also provides that for the school budget year 5 23 beginning July 1, 2000, if the department of management 5 24 determines that the regular program district cost of a school 5 25 district for a budget year is less than 99 percent of the 5 26 total of the regular program district cost plus any adjustment 5 27 added under Code section 257.14 for the base year for that 5 28 school district, the department of management shall provide a 5 29 budget adjustment for that district for that budget year that 5 30 is equal to the difference. Currently, for the budget year 5 31 beginning July 1, 1999, a similar provision for a 100 percent 5 32 cost guarantee is in place. The bill provides that a school 5 33 district shall be authorized to utilize moneys from its 5 34 unexpended cash balance or cash reserve moneys to reduce the 5 35 amount of property tax which shall otherwise be levied to fund 6 1 this provision. The bill also provides that a school district 6 2 board of directors shall be authorized to impose an income 6 3 surtax to fund a portion of the budget adjustment. 6 4 The bill takes effect upon enactment. 6 5 LSB 6550HV 78 6 6 rn/as/5
Text: HF02483 Text: HF02485 Text: HF02400 - HF02499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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