HB18-1171

HB18-1171 - School Finance Mid-year Adjustment To Funding

Passed/Signed into Law
Concerning adjustments in the amount of total program funding for public schools for the 2017-18 budget year, and, in connection therewith, making and reducing an appropriation.

Joint Budget Committee. The general assembly recognizes that the actual funded pupil count and the actual at-risk pupil count for the 2017-18 school year are lower than anticipated when the appropriation amount was established during the 2017 legislative session. In addition, local property tax and specific ownership tax receipts are more than anticipated, increasing the local share of total program funding. The bill declares the general assembly's intent to maintain total program funding at the level of the original appropriation, resulting in a reduction in the budget stabilization factor. The bill adjusts the minimum amount of total program funding specified in statute to reflect this intent.

The bill decreases the state share of total program funding by the amount of the increased local property tax revenues, putting $84,034,372 back into the state education fund and $12,866,074 back into the state public school fund, for a total of $96,900,466.

The bill makes technical amendments to the hold harmless full-day kindergarten funding and ASCENT program funding to reflect the total program funding amounts included in the bill.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

House Committees

Senate Committees

Latest update: March 29, 2018
03/29/2018 - Governor Signed
03/21/2018 - Sent to the Governor
03/21/2018 - Signed by the President of the Senate
03/20/2018 - Signed by the Speaker of the House
03/13/2018 - House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass
03/12/2018 - Senate Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass
03/09/2018 - First Conference Committee Result was to Adopt Rerevised w/ Amendments
03/06/2018 - House Considered Senate Amendments - Result was to Not Concur - Request Conference Committee
02/22/2018 - Senate Third Reading Passed - No Amendments
02/21/2018 - Senate Second Reading Passed with Amendments - Committee
02/20/2018 - Senate Second Reading Laid Over Daily - No Amendments
02/16/2018 - Senate Second Reading Laid Over Daily - No Amendments
02/14/2018 - Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
02/12/2018 - Introduced In Senate - Assigned to Appropriations
02/08/2018 - House Third Reading Passed - No Amendments
02/07/2018 - House Second Reading Passed with Amendments - Committee, Floor
02/06/2018 - House Committee on Appropriations Refer Amended to House Committee of the Whole
02/02/2018 - Introduced In House - Assigned to Appropriations