House Sponsors: SMITH,MICHAEL-CROTTY-RYAN-BOLAND-MURPHY. 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 and a component used to adjust the real property equalized assessed valuation, for a school district maintaining grades 9 through 12, from 1.05% to (i) 1.06% for the 2002-2003 school year, (ii) 1.07% for the 2003-2004 school year, (iii) 1.08% for the 2004-2005 school year, (iv) 1.09% for the 2005-2006 school year, and (v) 1.10% for the 2006-2007 school year and each school year thereafter. Effective July 1, 2002. 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