CROTTY. 105 ILCS 5/18-8.05 Amends the School Code. Revises the State aid formula. Changes the manner of computing the Available Local Resources for school districts maintaining grades 9 through 12 and the manner of adjusting the equalized assessed valuation of the taxable property of those districts because of enterprise zone and other tax abatements by reducing a component of the formulas used to make those computations and adjustments to 1.10% from 1.20%. Also changes the manner of determining the Low Income Concentration Level of school districts of less than 500,000 inhabitants for the 1999-2000 and 2000-2001 school years. Effective immediately. FISCAL NOTE (State Board of Education) In 1999-2000, the change in the high school rate is estimated to cost an additional $16.0 million in GSA with a decrease of $13.3 million in hold harmless. The change in the poverty grant is estimated to cost an additional $500,000 in 1999-2000. STATE MANDATES FISCAL NOTE (State Board of Education) Same as previous SBE fiscal note. 99-02-09 H FIRST READING 99-02-09 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-10 H ASSIGNED TO COMMITTEE ELEM SCND ED 99-02-24 H FISCAL NOTE FILED 99-02-24 H STATE MANDATES FISCAL NOTE FILED 99-02-24 H COMMITTEE ELEM SCND ED 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary