91st General Assembly
Summary of SB0175
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Senate Sponsors:
KLEMM, MAHAR, LUECHTEFELD, CLAYBORNE, WATSON AND WALSH,L.

House Sponsors:
CROTTY-MITCHELL,BILL-JOHNSON,TIM-HOLBROOK-REITZ

Short description: 
SCH CD-ST AID-LOCAL RESOURCES                                              

Synopsis of Bill as introduced:
        Amends the School Code.  In the  State  aid  formula  provisions,      
   changes  a component used to calculate local property tax revenues per      
   pupil for school districts maintaining  grades  9  through  12  and  a      
   component   used  to  adjust  the  real  property  equalized  assessed      
   valuation for a school  district  maintaining  grades  9  through  12.      
   Effective immediately.                                                      
        SENATE AMENDMENT NO. 1. (Tabled March 24, 1999)                        
        Changes the  component  used  to  calculate  local  property  tax      
   revenues  per pupil and the component used to adjust the real property      
   equalized assessed valuation, for a school district maintaining grades      
   9 through 12, from 1.00% to 1.10%.                                          
        SENATE AMENDMENT NO. 2. (Tabled March 24, 1999)                        
        Changes the component used to calculate local property tax re-         
   venue per pupil and the component used to adjust the real property          
   equalized assessed valuation, for a school district maintaining grades      
   9 through 12.                                                               
        SENATE AMENDMENT NO. 3.                                                
        Changes the  component  used  to  calculate  local  property  tax      
   revenues  per pupil and the component used to adjust the real property      
   equalized assessed valuation, for a school district maintaining grades      
   9 through 12 to 1.05%.                                                      
 
Last action on Bill: PUBLIC ACT.............................. 91-0093

   Last action date: 99-07-09

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


   END OF INQUIRY 



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