Bills · 2017-2018 Regular Session
Relating to: excluding costs funded by referenda from shared costs for the purpose of determining general equalization aids for school districts. (FE)
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
A school district's shared cost is one of the factors used to calculate a school
district's equalization aid. Generally, under current law, a school district's shared
cost is the sum of the school district's expenditures from its general fund and its debt
service fund. Under this bill, expenditures from either a school district's general
fund or debt service fund that are authorized by an operating or capital referendum
held after the date on which this bill becomes law are excluded from the school
district's shared cost if the school district is a negative tertiary school district. A
school district is a negative tertiary school district if its equalized valuation exceeds
the tertiary guaranteed valuation per member. In other words, under the bill, a
negative tertiary school district will not lose equalization aid for operating and
capital expenditures that exceed the tertiary guarantee and are funded by referenda
approved after this bill becomes law.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- Dec 28, 2017 · Assembly
Introduced by Representatives Kooyenga, Allen, Duchow, Sanfelippo and Wichgers; cosponsored by Senator Nass
- Dec 28, 2017 · Assembly
Read first time and referred to Committee on Education
- Jan 25, 2018 · Assembly
Assembly Amendment 1 offered by Representative Kooyenga
- Jan 29, 2018 · Assembly
Fiscal estimate received
- Feb 1, 2018 · Assembly
Public hearing held
- Mar 28, 2018 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1