| 1. State and local partnership. The State and each local |
school administrative unit are jointly responsible for |
contributing to the cost of the components of essential programs |
and services described in this chapter. Except as otherwise |
provided in this subsection, for each fiscal year, the total cost |
of the components of essential programs and services may not |
exceed the prior fiscal year's costs multiplied by one plus the |
average real personal income growth rate as defined in Title 5, |
section 1665, subsection 1, except that in no case may that rate |
exceed 2.75%.__For fiscal years commencing after the state tax |
burden ranks in the middle 1/3 of all states, as calculated and |
certified by the State Tax Assessor, the total cost of the |
components of essential programs and services may not exceed the |
prior fiscal year's costs multiplied by one plus the average real |
personal income growth rate as defined in Title 5, section 1665, |
subsection 1.__The Legislature, by an affirmative vote of each |
House, may exceed the limitations on increases in the total cost |
of the components of essential programs and services provided in |
this subsection, as long as that vote is taken upon legislation |
stating that it is the Legislature's intent to override the |
limitation for that fiscal year. The state contribution to the |
cost of the components of essential programs and services, |
exclusive of federal funds that are provided and accounted for in |
the cost of the components of essential programs and services, |
must be made in accordance with this subsection: |