Student Opportunity Gaps

House Addresses Payment Shift Tuesday

By February 10, 2013 No Comments

The  House Education Finance committee on Tuesday morning will review legislation related to the school payment shift.  HF 1 would mandate the school payment schedule to 90/10 by the start of the next fiscal year which begins July 1, 2013.  The current payment schedule is 82.5/17.5, therefore at a cost of $70 million/point HF 1 costs about $525 million.

The hearing will include debate on three other bills related to school payment schedules.  HF 235 would require a three-fifths vote of the legislature to enact a school payment schedule below 90/10 and to or to increase the school property tax recognition shift.