| TO: | Honorable Kent Grusendorf, Chair, House Committee on Public School Finance, Select |
| FROM: | John Keel, Director, Legislative Budget Board |
| IN RE: | HB1 by Grusendorf (Relating to public education and public school finance, including state and local taxation.), As Introduced |
The bill would make formula and/or structural changes to the Foundation School Program. The percent of equalized revenue in the system and precent of students in the equalized system during each of the first five years following passage is estimated as follows:
| Fiscal Year | Percent of Students in the Equalized System | Percent of Equalized Revenue |
|---|---|---|
| 2005 | 83.0 | 87.0 |
| 2006 | 75.0 | 86.0 |
| 2007 | 74.0 | 85.0 |
| 2008 | 73.0 | 85.0 |
| 2009 | 73.0 | 86.0 |
| Source Agencies: |
| LBB Staff: | JK, JO, WP, UP
|