House Sponsors: CROTTY-HOLBROOK-JONES,JOHN-O'BRIEN-NOVAK, MOORE,ANDREA, PERSICO, MAUTINO, FRANKS, BEAUBIEN, SKINNER, JOHNSON,TIM, WIRSING, STEPHENS, DAVIS,STEVE, OSMOND, KRAUSE, GIGLIO, SCULLY, HARRIS, FOWLER, JOHNSON,TOM, DAVIS,MONIQUE, GARRETT, MATHIAS AND HOFFMAN. Senate Sponsors: KLEMM-LUECHTEFELD Short description: SCHOOLS AID FORMULA CHANGES Synopsis of Bill as introduced: Amends the School Code. Revises the State aid formula. Changes the manner of computing the Available Local Resources for school districts maintaining grades 9 through 12 and the manner of adjusting the equalized assessed valuation of the taxable property of those districts because of enterprise zone and other tax abatements by reducing a component of the formulas used to make those computations and adjustments to 1.00% from 1.20%. Changes the manner of determining the Low Income Concentration Level of school districts of less than 500,000 inhabitants for the 1999-2000 and 2000-2001 school years. years. Effective July 1, 1999. FISCAL NOTE (State Board of Education) General State Aid would increase by an estimated $40 million and Hold Harmless would decrease by $25 million for FY2000. Low-Income Concentration calculation change would increase GSA by $500,000 in FY2000. STATE MANDATES NOTE (State Board of Education) Same as SBE fiscal note. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status