S.F. 174 Section 1. Section 257.8, subsection 1, Code 2015, is 1 amended to read as follows: 2 1. State percent of growth. The state percent of growth 3 for the budget year beginning July 1, 2012, is two percent. 4 The state percent of growth for the budget year beginning July 5 1, 2013, is two percent. The state percent of growth for the 6 budget year beginning July 1, 2014, is four percent. The 7 state percent of growth for the budget year beginning July 1, 8 2016, is four percent. The state percent of growth for each 9 subsequent budget year shall be established by statute which 10 shall be enacted within thirty days of the submission in the 11 year preceding the base year of the governor’s budget under 12 section 8.21 . The establishment of the state percent of growth 13 for a budget year shall be the only subject matter of the bill 14 which enacts the state percent of growth for a budget year. 15 EXPLANATION 16 The inclusion of this explanation does not constitute agreement with 17 the explanation’s substance by the members of the general assembly. 18 This bill establishes a state percent of growth of 4 percent 19 for the school budget year beginning July 1, 2016. 20 -1- LSB 1504SV (1) 86 md/sc 1/ 1