LD 1198 LR 605(01)
An Act Authorizing an Increase to the Maximum Annual Fund Balance for Public School Districts
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Rep. Carlow of Buxton
Committee: Education and Cultural Affairs
Fiscal Note Required: No
Preliminary Fiscal Impact Statement
No state fiscal impact
Fiscal Detail and Notes
Increasing the amount of unallocated general operating fund balances that a school board may carry forward each year from 3% of the previous fiscal year's school budget to 15% will not impact the total cost of public education from kindergarten to grade 12 or the State's share of that cost.