HB-4236 Summary

• Amends the State School Aid Act of 1979 to change the fiscal year for community college appropriations from 2017 to 2018, effective for the fiscal year ending September 30, 2018.

• Sets the gross appropriation for community colleges at $0.00 for fiscal year 2018, with all funding sources (federal, local, private, state restricted, and general purpose) listed as $0.00.

• Removes detailed line-item allocations to individual community colleges that were previously specified in the prior version, eliminating the $315,892,000.00 operations budget breakdown across 28 community colleges.

• Eliminates separate appropriations for retirement contributions ($1,733,600.00), retirement system payments ($73,200,000.00), and renaissance zone tax reimbursements ($5,100,000.00).

• Updates Section 201a to indicate the legislature intends to provide appropriations for fiscal year 2019, with amounts to be adjusted after the January 2018 consensus revenue estimating conference based on retirement costs, caseload, federal matching rates, and available revenue.