LD 1623
pg. 19
Page 18 of 22 PUBLIC Law Chapter 504 Page 20 of 22
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LR 2124
Item 1

 
A.__The school administrative unit's local contribution to
the total operating allocation is the product of the amount
calculated pursuant to section 15683 multiplied by the
school administrative unit's local share percentage of the
total operating allocation calculated pursuant to subsection
1.

 
B.__The school administrative unit's state contribution to
the total operating allocation is the amount calculated
pursuant to section 15683 less the school administrative
unit's local contribution to the total operating allocation
calculated pursuant to paragraph A.

 
§15685.__Weighted relative property fiscal capacity

 
For each school administrative unit, the commissioner shall
annually determine the unit's weighted relative property fiscal
capacity.__This determination is the result of the following
steps.

 
1.__Fiscal capacity.__The local per-pupil property fiscal
capacity divided by the statewide per-pupil property fiscal
capacity as computed by the commissioner is multiplied by a
property weight of 0.85.

 
2.__Local median household income.__The local median household
income is divided by the statewide average median household
income.__ The final result is multiplied by an income weight of
0.15.__The__department shall use local median household income
data as estimated at the fiscal year 1997-98 level until final
Federal Decennial Census figures are established for the year
2000.__The fiscal year 1997-98 estimated census figures must be
adjusted so that no municipality's census figure exceeds twice
the state average percentage increase from fiscal year 1996-97 to
fiscal year 1997-98.

 
3.__Weighted relative property fiscal capacity.__The results
of subsection 1 and subsection 2 are added and the sum represents
the weighted relative property fiscal capacity.

 
§15686.__Transition adjustment

 
For each of the fiscal years described in section 15671,
subsection 7, the commissioner shall establish a transition
adjustment calculated to minimize the fiscal impact directly
related to the phase-in of this Act.__The amount of this
adjustment must decline with each successive fiscal year, and the
adjustments must end no later than fiscal year 2009-10.

 
§15687.__Rules


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