Bill

HB 2756

83(R) - 2013
Read Bill & Check Bill Status
Education

Vote Recommendation

Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral
  • Neutral

Author(s)

Dan Branch

Bill Caption

Relating to the equalized wealth level and the guaranteed yield under the school finance system.

Fiscal Notes

Estimated Two-year Net Impact to General Revenue Related Funds for HB2756: a negative impact of ($401,454,256) through the biennium ending August 31, 2015. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. School districts choosing to levy more than six pennies above the compressed rate would benefit from additional state aid or reduced recapture.

Bill Analysis

Summary: HB 2756 would add two golden pennies to the current six golden pennies maintenance and operation tax rate. This new rate would permit property rich districts and property poor districts to keep the money they earn within their respective districts.

Analysis: Because HB 2756 addresses restructuring funds within the overall school funding system. This is an administrative change that does not have direct implications on our liberty principles. Therefore, we stand neutral on HB 2756.