HCS HB 334 -- CALCULATED LEVY FOR SCHOOL AID

SPONSOR:  Franklin (Davis)

COMMITTEE ACTION:  Voted "do pass" by the Committee on
Education-Elementary and Secondary by a vote of 16 to 0.

This substitute removes the 5-year restriction on the use of a
calculated levy by a school district under certain
circumstances.  The calculated levy prevents a school district
from losing state aid when it must roll back property taxes
because of reassessment.  Currently, if a school district board
increases its levy to a level that is higher than the calculated
levy, it will lose its prior adjustments made for reassessment
rollback after 5 years.

FISCAL NOTE:  No impact on state funds.

PROPONENTS:  Supporters say that if the 5-year limit on the use
of the calculated levy is not removed, a large number of school
districts will undergo a sizable decrease in their state aid
within the next few years.  The calculated levy is necessary to
ensure that districts that have undergone property tax rollbacks
and then raised their levies continue to get credit for their
higher levies when calculating state school aid.

Testifying for the bill were Representative Davis; Missouri
School Board Association; Gary Schurz, Superintendent of Potosi
R-3 School District; Missouri Council of School Administrators;
and Missouri State Teachers Association.

OPPONENTS:  There was no opposition voiced to the committee.

Becky DeNeve, Senior Legislative Analyst

Missouri House of Representatives
Last Updated November 26, 2001 at 11:43 am