School capital construction amendment.

03LSO-0366.L1

                  

FISCAL NOTE (SJ0004)

 

 

 

The fiscal impact is indeterminable.

 

 

Currently (FY03) there are 30 school districts that are below the state average assessed valuation per ADM. These districts would be eligible for state equalization payments if they bonded for school district capital construction.

 

Fiscal analysis of this bill would require tremendous assumptions on future school capital construction bonding authorized by voters, the principle, debt service requirements, the timing and so on. However, this bill would affect the School Capital Construction Account in providing additional mill levy supplement payments.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:   Mary Byrnes, LSO     Phone:   777-7881