Budget Analysis ... Biennium 1995 Vol 3

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Helena Elementary 976 $8,383 (116,554) 6.7 In districts with large amounts of P.L. 81-874 funds, districts may be able to maintain current budgets without a voted levy to replace foundation program reductions.
To the extent that districts submit and voters approve levies to offset the foundation schedule reduction, the Racicot proposal shifts $28.2 million of state costs to local taxpayers. If, however, districts reduce their budgets as a result of the foundation schedule decrease, total school
... district expenditures will decline.
17 OVERVIEW OF THE RACICOT EXECUTIVE BUDGET SEA Funding The Racicot budget proposes four changes in how the school foundation program would be funded: 1) timber sales. It adopts the Stephens budget recommendation for continued deposit of timber sales proceeds from state lands in the SEA. Historically, these proceeds have been deposited in the common school trust, building the trust principal. Interest from the trust is then deposited in the SEA. During the January 1992 special session, the legislature approved legislation to deposit timber sales proceeds in the SEA in the 1993 biennium.


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