SB472 - Makes adjustments to the school foundation formula
SB 0472 Makes adjustments to the school foundation formula
LR Number:1584S.01I Fiscal Note:1584-01
Last Action:04/15/03 - Hearing Conducted S Education Committee Journal page:
Effective Date:August 28, 2003
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Current Bill Summary

SB 472 - This act seeks to adjust the foundation formula by excluding the desegregation students from the 1997-1998 line 14a calculation. This exclusion will calibrate the artificially inflated 1997-1998 line 14 numbers so any subsequent growth in a district's free and reduced lunch population will be represented in the formula.

Also, the act attempts to repair a "glitch" in the formula. Currently, an unintended consequence of the formula penalizes school districts which set their levies between 2.75 and 2.93 by reducing their share of state funding. This act prescribes that no school district will receive less on line 14 (a & b) than it would if that district's levy was no greater than 2.75. In other words, school districts would not be penalized for raising levies in excess of 2.75.

This act is identical to SB 681 (2002).