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S.F. No. 2508 - School Facilities Improvement Revenue Establishment (as amended by the A-1 amendment)
 
Author: Senator Charles W. Wiger
 
Prepared By: Bjorn E. Arneson, Senate Analyst (651/296-3812)
 
Date: April 6, 2018



 

Section 1. School Facilities Improvement Revenue. Establishes a new school facilities improvement revenue program. Defines the allowable uses for school improvement revenue. Provides that school facilities improvement revenue for a school district equals $212/pupil; authorizes an additional $65/pupil for intermediate district members. Equalizes the revenue at 125% of the state average adjusted net tax capacity (ANTC) per adjusted pupil unit (APU). Requires that districts choose between generating school facilities improvement revenue or building lease levy for each fiscal year. Makes this section effective for fiscal year 2020 and later.

Section 2. Choice of revenue. Requires that districts choose between generating school facilities improvement revenue or building lease levy for each fiscal year. Makes this section effective for fiscal year 2020 and later.

 

 
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