LD 300
pg. 62
Page 61 of 62 An Act To Provide a Schedule of School Funding That Provides 55% State Coverage... LD 300 Title Page
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LR 2170
Item 1

 
SUMMARY

 
Part A of this bill requires the State to pay 55% of the cost
of funding essential education programs and services beginning in
state fiscal year 2006-07.

 
Part B pays for increased state education funding by extending
the general sales tax to amusements, extending the 7% sales tax
to include rentals of boat moorings and docks and increasing the
general sales tax to 5 1/2% beginning May 1, 2006.

 
Part C provides that this Act is subject to approval of the
voters at a statewide referendum in November 2005.

 
Part D provides an appropriations and allocations section to
implement this Act.


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