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SPONSOR: | Miera | DATE TYPED: | 02/11/00 | HB | HJM 47 | ||
SHORT TITLE: | Retain School Revenue at FY 99 Level | SB | |||||
ANALYST: | Williams |
Recurring
or Non-Rec |
Fund
Affected | ||||
FY00 | FY01 | FY00 | FY01 | ||
None |
(Parenthesis ( ) Indicate Expenditure Decreases)
Subsequent
Years Impact |
Recurring
or Non-Rec |
Fund
Affected | ||
FY00 | FY01 | |||
None |
(Parenthesis ( ) Indicate Revenue Decreases)
Duplicates/Conflicts with/Companion to/Relates to
SOURCES OF INFORMATION
State Investment Council (SIC)
State Department of Education (SDE)
SUMMARY
Synopsis of Bill
This bill requests the State Investment Council, Legislative Finance Committee and Legislative Education Study Committee to participate with the Education Initiatives and Accountability Task Force to study statutory and constitutional mechanisms to ensure that public school support retains the proportion of general tax revenues at FY99 levels.
The memorial also requests that the study make recommendations to the 2001 Legislature for statutory and constitutional mechanisms to maximize and enhance support for public school capital outlay from the severance tax permanent fund and to enhance funding increases from the land grant permanent fund.
Significant Issues
SDE is currently under district court order to address inequities in public school capital outlay funding created because the majority of public school capital outlay funding is based on local district wealth. Those districts heavily impacted by federal lands have lower property values with which to support their respective capital outlay programs.
FISCAL IMPLICATIONS
None.
OTHER SUBSTANTIVE ISSUES
The memorial does not direct participation by the SDE, but the agency indicates it could participate in such a study within current fiscal resources.
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