School finance-recapture payments. |
08LSO-0274.C1 |
FISCAL NOTE
The fiscal impact is indeterminable.
This bill provides a process change pertaining to the repayment of recapture dollars to the School Foundation Program and requires districts subject to recapture to re-pay in 4 installments as specified throughout the fiscal year. The bill also allows districts to defer full repayment of recapture loans until June 15th.
The state would receive a portion of the recapture dollars sooner, which could allow greater flexibility and improved opportunity for investment. Any resulting increase in revenue is indeterminable.
Please see the attached illustration.
Prepared by: Brenda Long, LSO Phone: 777-7881