HB 2151 -- School Funding

Sponsor:  Griesheimer

This bill raises sales and use taxes from 4 cents to 5 cents and
directs the extra penny into the school district trust fund.  In
the school funding formula, 25% rather than 50% of the amount
received from state sales tax will be deducted from each
district's entitlement as local wealth.  Districts are
prohibited from forgoing a rollback on the revenue received from
the additional cent of sales tax.  A few technical changes are
made in the funding formula.  The bill is subject to approval by
the voters.