LD 1089
pg. 2
Page 1 of 2 An Act to Improve Taxpayer Equity in School Funding LD 1089 Title Page
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LR 1507
Item 1
 
2.__Calculation of the local share of the allocation for
program costs.__In calculating a unit's local share of the
allocation for program costs as provided in section 15609,
subsection 1, paragraph B, the weighted relative fiscal capacity
of the unit calculated pursuant to section 15657 must be used
instead of the unit's state property valuation, for all purposes
including the calculation of the unit's program millage limit
defined in section 15603, subsection 20 and the statewide program
millage limit identified in section 15607, subsection 2.

 
SUMMARY

 
This bill increases the weight of the income factor in the
school funding formula from 15% to 25%. It also uses the cost-
of-living factor to adjust a municipality's property values.
This bill also requires the State to use a school unit's weighted
relative fiscal capacity to calculate a unit's local share of
program costs.

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