SB 126 (BR 453) - K. Stine, R. Roeding, J. Westwood
AN ACT relating to school finance.
Amend KRS 157.360 to require that SEEK funding be provided for limited English proficient students, limit the funding for individual students to three academic years or less; amend KRS 157.370 to provide that, effective with the 2006-2007 school year and thereafter, the aggregate and average daily attendance of transported pupils shall include all public school pupils transported at public expense who live one-fourth mile or more from school; define equivalent property tax rate and amend KRS 157.440 to permit local boards of education to levy an equivalent property tax rate up to the maximum of Tier 1 and for purposes of participation in Facilities Support Program of Kentucky (FSPK), subject to recall; equalize permissive tax revenue at 150% of the statewide average; allow districts currently not levying a permissive tax to do so subject to recall beginning with the 2005-2006 school year, unless the local board reduces its property taxes by rates resulting in equal calculated revenue; allow continued use of permissive tax revenue to calculate the equivalent tax rate for purpose of equalizing Tier 1 and FSPK, but disallow the use of permissive tax revenue to calculate the equivalent tax rate; permit a school district levying two permissive taxes at the effective date of this Act to use revenue in excess of that needed to equalize permissive tax for purposes of calculating an equivalent tax rate; amend KRS 160.470 to conform.
Feb 4-introduced in Senate
Feb 8-to Education (S)