School finance-rebated recapture.

08LSO-0073.C2

                                                         

FISCAL NOTE

 

The fiscal impact, in the form of increased revenues to the School Foundation Program, is indeterminable.

 

Source of revenue increase:

 

Estimated recapture revenues received and withheld by recapture school districts, deemed to be unavailable to school districts at the time the 2006 amendment to Wyoming Constitution, Article 15, Section 17 was certified and proclaimed adopted.

 

Assumptions:

 

This bill clarifies the application of the above referenced constitutional amendment by repealing W.S. 21-13-102(c), 2006 Wyoming Session Laws, Chapter 37, Section 6(b) and the provision in W.S. 21-13-313(g). 

 

Estimates of district revenue deemed under this bill as not available for school district budgeting are as follows:

 

 

Currently, these amounts are not included as revenues in the fiscal profile. Should the full amounts be remitted to the School Foundation Program Account, School Foundation Program account revenues would increase by $97,544,999.

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Brenda Long, LSO   Phone: 777-7881