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2008 SESSION

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SB 435 Educational programs; computation of composite index.

Introduced by: Jill Holtzman Vogel | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Education; computation of composite index.  Modifies the current Standards of Quality funding formula and calculation of composite index of local ability to pay to incorporate within the real estate indicator of local wealth the land-use taxation value for those properties assessed and taxed at their use value.

The current composite index of local ability to pay incorporates the "true value" of real property (rather than any special use assessed values) weighted 50%, with adjusted gross income weighted at 40%, and taxable retail sales weighted at 10%, as indicators of local wealth.

FULL TEXT

• 01/08/08  Senate: Prefiled and ordered printed; offered 01/09/08 086564338  pdf

HISTORY

• 01/08/08  Senate: Prefiled and ordered printed; offered 01/09/08 086564338
• 01/08/08  Senate: Referred to Committee on Education and Health
• 01/17/08  Senate: Stricken at request of patron in Education and Health by voice vote