LUECHTEFELD AND BOWLES.
SCH CD-AID-LOCAL PROP TAX REV
Synopsis of Bill as introduced:
Amends the School Code. In provisions concerning utilizing a
representation of available local resources per pupil for purposes of
calculating general State aid, provides that for school districts
maintaining grades 9 through 12, local property tax revenues per pupil
shall be the applicable equalized assessed valuation of the district
multiplied by 1.10% (instead of 1.20%), and divided by the district's
Average Daily Attendance figure. Effective July 1, 1998.
SENATE AMENDMENT NO. 1.
In the available local resources provision, provides that local
property tax revenues per pupil shall be the applicable equalized
assessed valuation of the district multiplied by 1.00% (instead of
1.10%), and divided by the district's Average Daily Attendance figure.
Provides that the real property equalized assessed valuation for a
school district maintaining grades 9 through 12 shall be adjusted by
subtracting from the real property value an amount computed by divid-
ing the amount of a certain abatement of taxes by 1.00% (instead of
1.20%) and adjusted by an amount computed by dividing the amount of a
certain abatement of taxes by 1.00% (instead of 1.20%).
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status