| TO: | Honorable Kent Grusendorf, Chair, House Select Committee on Public Education Reform |
| FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
| IN RE: | HB2 by Grusendorf (Relating to public education and public school finance matters; imposing criminal penalties.), Committee Report 1st House, Substituted |
The bill would make formula and/or structural changes to the Foundation School Program. The percent of equalized revenue in the system during each of the first five years following passage is estimated as follows:
| Fiscal Year | Percent of Equalized Revenue |
|---|---|
| 2006 | 95.0 |
| 2007 | 98.0 |
| 2008 | 98.0 |
| 2009 | 98.0 |
| 2010 | 98.0 |
| Source Agencies: |
| LBB Staff: | JOB, CT, UP, JSc
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