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2013 -- H 5359 | |
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LC00747 | |
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STATE OF RHODE ISLAND | |
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IN GENERAL ASSEMBLY | |
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JANUARY SESSION, A.D. 2013 | |
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A N A C T | |
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RELATING TO EDUCATION -- THE EDUCATION EQUITY AND PROPERTY TAX | |
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RELIEF ACT | |
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Introduced By: Representatives Ackerman, O`Grady, MacBeth, Blazejewski, and Melo | |
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Date Introduced: February 12, 2013 | |
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Referred To: House Finance | |
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It is enacted by the General Assembly as follows: | |
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SECTION 1. Section 16-7.2-7 of the General Laws in Chapter 16-7.2 entitled "The |
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Education Equity and Property Tax Relief Act" is hereby amended to read as follows: |
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16-7.2-7. Transition plan. – (a)(1) The general assembly, shall annually determine the |
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appropriation of education aid pursuant to this chapter using a transition plan to begin in fiscal |
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year 2012, not to exceed seven (7) years for LEA's for whom the calculated education aid |
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pursuant to section 16-7.2-3 is more than the education aid the LEA is receiving as of the |
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effective date of the formula, and ten (10) years for LEA's for whom the calculated education aid |
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pursuant to section 16-7.2-3 is less than the education aid the LEA is receiving as of the effective |
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date of the formula. |
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(2) Provided, that effective with the fiscal year beginning July 1, 2013, LEA’s for whom |
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the calculated education aid pursuant to section 16-7.2-3 is more than the education aid it is |
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receiving as of the effective date of the formula, the transition plan shall be accelerated so that |
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such districts receive one hundred percent (100%) of the amount of the appropriation of education |
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aid due under the formula. Provided, further, that for any municipality receiving additional |
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education aid through this acceleration of the transition plan which municipality spends more |
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than the average per pupil spending in the state, that municipality may elect to reduce its local |
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maintenance of effort payments up to the amount of additional funding being received by the |
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municipality through this acceleration. |
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(3) Districts receiving less than the education aid the LEA is receiving as of the effective |
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date of the formula shall remain on the ten (10) year transition plan. |
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(b) The local share of funding pursuant to section 16-7.2-5 shall be transitioned |
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proportionately over a period not to exceed 5 years. The transition shall provide a combination of |
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direct aid to districts, funds for the categorical programs, and district savings through state- |
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assumed costs, as determined by the general assembly on an annual basis, Updates to any |
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components of the permanent foundation education aid formula, such as student data, property |
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values, and/or median family income, that result in an increase or decrease in state education aid |
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that impacts the total state and local contribution by more than three percent (3%) shall be |
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transitioned over a period of time not to exceed three (3) years. |
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SECTION 2. This act shall take effect upon passage. |
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LC00747 | |
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EXPLANATION | |
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BY THE LEGISLATIVE COUNCIL | |
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OF | |
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A N A C T | |
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RELATING TO EDUCATION -- THE EDUCATION EQUITY AND PROPERTY TAX | |
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RELIEF ACT | |
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This act would accelerate the transition plan for calculating state aid to education. The act |
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specifically accelerates the amounts paid to those local educational agencies which receive more |
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than the education aid the LEA was receiving as of the effective date of the school funding |
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formula, but keeps the transition plan in place for those districts receiving less education aid. |
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This act would take effect upon passage. |
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LC00747 | |
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