AB 729

This bill creates a school district revenue limit adjustment for workforce

development improvements to support vocational or technical education.

Current law generally limits the total amount of revenue per pupil a school

district may receive from general school aids and property taxes in a school year to

the amount of revenue received per pupil in the previous school year. Current law

provides several exceptions to the revenue limit. Under one such exception, a school

district may pass a resolution and submit the resolution to the electors of the school

district in a referendum election. If a majority of the electors of the school district

votes to approve the referendum, the revenue limit of the school district is increased

as specified in the referendum question.

Under this bill, a school board that receives a petition and that adopts a

resolution to initiate workforce development improvements may increase its

revenue limit by the amount the school district spends on the improvements in a

school year, including amounts spent for debt service on a bond, note, or state trust

fund loan used to finance the improvements. The term of the bond, note, or trust fund

loan may not exceed 20 years. The petition must be filed jointly by the president of

a local chamber of commerce or a chamber of commerce that serves the geographic

area encompassing any portion of the school district and the executive director of a

regional workforce development board.