LD 1 LR 0328(31)
An Act to Increase the State Share of Education Costs, Reduce Property Taxes and Reduce Government Spending at All Levels
Fiscal Note for Senate Amendment " " to Committee Amendment " "
Sponsor: Senator Bryant
Fiscal Note Required: Yes
Fiscal Note
No net impact - General Fund
Fiscal Detail and Notes
Requiring the State to provide the additional funding if a municipality that is a member of a school administrative district or a community school district is required to raise more than the full value education mill rate as part of its cost-sharing agreement with other members of the SAD or CSD will not increase the General Fund cost of the bill.  However, this requirement will affect the distribution of state subsidy to local school units.  The impact can not be determined at this time.
Reinstating the existing cost sharing formulas will not change the amount of state subsidy received by the school administrative district or community school district but may increase or decrease the amount of subsidy received by each member municipality within the SAD or CSD beginning in fiscal year 2005-06.  The impact to each individual unit can not be determined at this time.