House Sponsors: HANNIG-CURRY,JULIE-FRANKS-CROTTY-HAMOS, FOWLER, FORBY, FRITCHEY, SMITH,MICHAEL, HOFFMAN, NOVAK, GILES AND TURNER,ART. Senate Sponsors: PETKA-RADOGNO Short description: SCH CD-ST AID-LOCAL RESOURCES Synopsis of Bill as introduced: Amends the School Code. In the State aid formula provisions, changes a component used to calculate local property tax revenues per pupil for school districts maintaining grades kindergarten through 12 (from 3.00% to 2.95%) and for school districts maintaining grades kindergarten through 8 (from 2.30% to 2.25%). Changes a component used to adjust the real property equalized assessed valuation for a school district maintaining grades kindergarten through 12 (from 3.00% to 2.95%) and for a school district maintaining grades kindergarten through 8 (from 2.30% to 2.25%). Effective July 1, 2001. FISCAL NOTE (State Board of Education) If this legislation were applied to FY01, GSA would increase by $56.6 Million and Hold Harmless would decrease $9.1 Million for a net increase of $47.5 Million. Chicago #299 would have received an additional $16.4 Million. STATE MANDATES NOTE (State Board of Education) Same as previous fiscal note. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status