Fiscal Note

SB0219S01 - School District Division Funding

State Impact:
Enactment of this bill will require an transfer of $5,000,000 in FY 2010 and each year thereafter for a total of ten years from the General Fund to the newly created School District Division Capital Equalization Fund. If more school districts split, then ten year process begins again.

Funding SourceFY 2008
Approp.
FY 2009
Approp.
FY 2010
Approp.
FY 2008
Revenue
FY 2009
Revenue
FY 2010
Revenue
General Fund$0$0$0$0$0($5,000,000)
   Total
$0

$0

$0

$0

$0

($5,000,000)

Individual, Business and/or Local Impact:
Qualifying school districts will experience increased revenue for capital outlay. Individuals and businesses residing within the boundaries of the qualifying school districts may see a decrease in capital outlay property tax.

2/26/2008, 10:21:49 AM, Lead Analyst: Young, T.Office of the Legislative Fiscal Analyst