SB 153-FN-LOCAL - AS INTRODUCED
2001 SESSION
04/09
SENATE BILL 153-FN-LOCAL
This bill provides a new formula for adjusting the average base cost per pupil in the second fiscal year in each biennium beginning July 1, 2005. The bill also specifies that the average base cost per pupil for the fiscal year ending June 30, 2004 shall be $3,425.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
01-0910
04/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand One
AN ACT relative to adjustments to educational adequacy grants.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 School Money; Determination of Per Pupil Adequate Education Cost; Reference Amended. Amend the introductory paragraph of RSA 198:40, I to read as follows:
I. For the biennium beginning July 1, 1999, and for the first year of every biennium thereafter, the cost per pupil shall be established using the following formula:
2 New Paragraph; School Money; Determination of Per Pupil Adequacy Grants. Amend RSA 198:40 by inserting after paragraph III the following new paragraph:
IV. Beginning July 1, 2005, and in the second fiscal year of each biennium thereafter, the average base cost per pupil shall be increased by multiplying the average base cost per pupil in the first fiscal year of the current biennium by one plus ½ of a fraction whose numerator is a number equal to the difference between the average base cost per pupil in the first fiscal year of the current biennium and the average base cost per pupil of the first fiscal year of the immediately preceding biennium, and whose denominator is the average base cost per pupil of the first fiscal year in the immediately preceding biennium.
3 Average Base Cost Per Pupil of an Elementary School Pupil; Per Pupil Amount for Fiscal Year 2003. Notwithstanding the provisions of RSA 198:40 and 198:41, the average base cost per pupil of an elementary school pupil for the fiscal year ending June 30, 2004 shall be $3,425. Moneys from the education trust fund shall be used, as necessary, to provide this average base cost per pupil amount.
4 Repeal. 1999, 338:21, I and III relative to the repeal of the determination of per pupil adequate education costs and adequate education grants, are repealed.
5 Effective Date. This act shall take effect 60 days after its passage.
LBAO
01-0910
2/14/01
SB 153-FN-LOCAL - FISCAL NOTE
AN ACT relative to adjustments to educational adequacy grants.
FISCAL IMPACT:
The Department of Revenue Administration indicates the bill will increase state general fund revenue by $532.6 million and $559.2 million in FY 2004 and FY 2005, respectively. The Department of Education indicates state education trust fund expenditures and local revenue will increase by $925,943,713 and $940,698,407 in FY 2004 and FY 2005, respectively. There will be no fiscal impact on county revenue or county and local expenditures.
METHODOLOGY:
This bill removes the repeal of the statewide property tax and the method for determining the adequate education grants. The Department of Revenue Administration estimated the statewide property tax for FY 2004 and FY 2005 by applying a 5% growth rate to the FY 2002 statewide property tax.
The Department of Education estimated the cost of adequate education grants using the following assumptions:
· 1% increase in enrollment from FY 2003 into FY 2004 with no change for FY 2005.
· Base cost was calculated as outlined in this bill.
· Transportation costs were increased approximately 3% from FY 2003 to FY 2004 with no change for FY 2005.