TO: | Honorable Rob Eissler, Chair, House Committee on Public Education |
FROM: | John S. O'Brien, Director, Legislative Budget Board |
IN RE: | HB2448 by Eiland (Relating to reducing the amount paid to purchase attendance credits by certain school districts in disaster areas.), As Introduced |
Because the provisions of the bill would apply retroactively to disasters occurring before the effective date, it is likely that school districts affected by the hurricane impact that occurred early in fiscal year 2009 would be among the districts seeking exemption from recapture beginning in fiscal year 2010. The continuing disaster declaration related to that hurricane impact presently includes all or part of 81 school districts that would be subject to wealth equalization under current law in fiscal year 2010. The potential impact on equalized funding requirements beginning in fiscal year 2010 cannot be reliably determined at the present time and would depend specifically upon the number of districts and the amount of recapture attributable to districts that meet the qualifying finanical criteria delineated in the bill. Implications for equalized funding requirements would continue for up to three years following a disaster. Implications in future years would depend upon the extent of disaster declarations and resulting school district financial hardship situations incurred in those years. Likewise, implications in future years could potentially be offsetting due to the bill's authority for increased recapture or reduced state aid to recover amounts later reimbursed due to insurance or governmental assistance.
Source Agencies: |
LBB Staff: | JOB, JSp, JGM
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