HCS HB 1711 -- STATE SCHOOL AID (Graham)

This substitute adds a definition of "district equalized assessed
valuation" to the definitions that are used in interpreting the
state school funding formula.  The definition averages a
district's assessed valuation from the first and second preceding
years.  The substitute also revises the definition of "guaranteed
tax base" to encompass the average of the third and fourth
preceding years, instead of basing the amount on only the third
preceding year, as in current law.

The substitute contains an emergency clause.

FISCAL NOTE:  Cost to General Revenue Fund of $175,000,000 in FY
2003, and Unknown in FY 2004 and FY 2005.  Estimated Net Effect
on State School Moneys Fund of $0 in FY 2003, FY 2004, and FY
2005.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:02 am