HB 421 Standards of Quality; apportionment of state and local share.
Vivian E. Watts | all patrons    ...    notes
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Summary as introduced:

Standards of Quality; apportionment of state and local share.  Directs the General Assembly, in apportioning the state and local share of the costs of meeting the Standards of Quality, beginning July 1, 2012, to implement a formula that determines each locality's ability to pay based on the ratios of (i) the reimbursement payment made to the locality for providing tangible personal property tax relief to the reimbursement payments made statewide for providing tangible personal property tax relief; (ii) the total value of real estate in the locality, adjusted by the average of the cost of competing index if used for instructional personnel and for support positions, to the statewide value of real estate per person; (iii) local one percent sales tax revenue collected by the locality to the statewide total local sales tax revenue collected; (iv) the assessed value of the personal property taxed by the locality to the statewide assessed value of the local personal property tax; and (v) revenue collected from local lodging, local cigarette, and local meals taxes to the revenue collected statewide from such local lodging, cigarette, and meals taxes.

To determine each locality's composite index of ability to pay (a) the sum of the ratios calculated on the basis of average daily membership for each locality shall be divided by the sum of the average daily membership ratios for all localities; (b) the sum of the ratios calculated on a per capita basis for each locality shall be divided by the sum of the per capita ratios for all localities; and (c) the locality's ratio calculated on the basis of average daily membership shall be multiplied by 0.66 and the locality's ratio calculated on a per capita basis shall be multiplied by 0.33. The sum of the two adjusted ratios in clause (c) shall be the local composite index of ability to pay.

Full text:
01/10/12  House: Prefiled and ordered printed; offered 01/11/12 12101737D  pdf | impact statement

Status:
01/10/12  House: Prefiled and ordered printed; offered 01/11/12 12101737D
01/10/12  House: Referred to Committee on Appropriations
01/16/12  House: Assigned App. sub: Elementary & Secondary Education
01/31/12  House: Subcommittee recommends laying on the table by voice vote
02/20/12  House: Left in Appropriations