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| 4. As an exception to using income to determine local fiscal | | capacity, the Commissioner of Education shall adjust the income | | factor used for a school administrative unit that is located | | within a municipality whose local fiscal property capacity as a | | percent of the municipality's median household income exceeds | | the statewide fiscal property capacity as a percent of the | | statewide median household income. |
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| | | 5. For fiscal year 2003-04, the program millage limit will | | be 1.45 mills, approximately the level established for fiscal | | year 2002-03. |
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| | | 6. For fiscal year 2003-04, the operating mill rate will be | | determined by the Department of Education. |
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| | | 7. For fiscal year 2003-04, the program cost reduction | | percentage will be 0%. |
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| | | 8. In fiscal year 2003-04, the adjustment for out-of- | | district placement will be increased to $3,788,679. |
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| | | 9. In fiscal year 2003-04, the adjustment for the costs of | | geographic isolation will be fully funded at $1,792,317. |
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| | | 10. The implementation of the essential program and | | services model must include a weighted pupil methodology, a | | cost-of-education adjustment and a method of calculating | | district costs other than using a statewide average cost | | method. |
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| | | 11. The State Board of Education and the Department of | | Education shall prepare and present a state incentive plan for | | school consolidation. The Department of Education shall | | designate a senior staff person to be responsible for | | investigating other state models of consolidation and shall | | adopt rules on school administrative unit consolidation no | | later than November 1, 2003, which may provide for an | | additional allocation of state subsidy to school | | administrative units that consolidate schools. |
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| | | 12. The State Board of Education and the Commissioner of | | Education shall study the possibility of establishing an early | | retirement program for educational personnel. |
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