LD 1198 LR 605(02)
An Act Authorizing an Increase to the Maximum Annual Fund Balance for Public School Districts
Fiscal Note for Bill as Amended by Committee Amendment " "
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
Fiscal Note
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 9% for fiscal year 2020-21 through 2024-25 and 5% for each subsequent fiscal year will not impact the total cost of public education from kindergarten to grade 12 or the State's share of that cost.