| TO: | Honorable Florence Shapiro, Chair, Senate Committee on Education |
| FROM: | John S. O'Brien, Deputy Director, Legislative Budget Board |
| IN RE: | HB2 by Grusendorf (Relating to public education, public school finance matters, and the imposition of a state ad valorem tax; imposing criminal penalties. ), Committee Report 2nd 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 | 99.0 |
| 2008 | 99.0 |
| 2009 | 99.0 |
| 2010 | 99.0 |
| Source Agencies: |
| LBB Staff: | JOB, WP, JSc
|