| 2.__Determination of effectiveness of increased state support |
for public education in reducing property tax.__Beginning in |
fiscal year 2006-07 and ending in fiscal year 2009-10, the |
committee shall meet annually on or about June 15th and, in |
coordination with the development of budget estimates pursuant to |
section 1665, determine whether the state share percentage of the |
total costs of essential programs and services described in Title |
20-A, section 15671, subsection 7 was met in the prior fiscal |
year and to determine whether this level of state funding |
resulted in a reduction of the related local property tax |
commitment required to fund the costs of essential programs and |
services described in Title 20-A, section 15671 in the prior |
fiscal year.__The committee's determination must be based on |
consideration of the following information developed by the |
Department of Education regarding each municipality and the |
statewide aggregate for the prior fiscal year: |