Explanation:
(This amendment adds a net $29.5 million GF the first year by using the 2010-12 Composite Index of Local Ability-to-Pay for all school divisions to calculate the state's share of Direct Aid to Public Education funding, rather than using the 2008-10 Composite Index for an additional year as proposed in the introduced budget. For FY 2012, education funding is already based on the updated 2010-12 Composite Index in the introduced budget. In a companion amendment, funding is provided for a full "hold harmless" grant in both years for those school divisions whose Composite Index increase from the 2008-10 biennium to the 2010-12 biennium.) |