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 Source | FY 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 |