Staff Analysis of the Legislation
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This bill allows, for FY 2018, a unified school district to use the previous year's final ADM for calculating funding if the school district has between 500 and 560 students and the current fiscal year's ADM declines by at least five percent compared to the previous fiscal year. It also appropriates $182,112 from the General Fund in FY 2018 to the ADE to be distributed to districts that meet the following criteria: = The district is located in a county with a population of less than 100,000. = The boundaries of the district are not within the boundaries of an incorporated city or town. = The district serves K-8th graders and for FY 2017 has a 40th day average daily membership of less than 100. = The district has been notified by the Property Tax Oversight Commission that it is prohibited from establishing a primary tax rate for FY 2018 that is greater than the rate for FY 2017. = In fiscal years 2016 and 2017 the district primary property tax levy was corrected and reduced by between 275,000 and 310,000 to reflect a settlement associated with a successful property taxpayer appeal in the Arizona tax court. The recipient district must use the funds to relieve the cash deficit in FY 2017 realized as a result of the property valuation settlement as realized for fiscal years 2014, 2015, and 2016 in Arizona tax court. |
