HF 3224 Summary

• Increases long-term facilities maintenance revenue allowance to $380 for fiscal year 2022, $500 for fiscal year 2023, and $500 multiplied by an inflationary factor (based on Consumer Price Index) for fiscal year 2024 and later.

• Increases local optional revenue allowance to $724 for fiscal year 2022, $825 for fiscal year 2023, and $825 multiplied by the ratio of the general education basic formula allowance for fiscal year 2024 and later.

• Provides enhanced debt service equalization aid for school districts that consolidate on or after July 1, 2022, if construction projects identified in the consolidation plan receive positive review and comment.

• Modifies debt service equalization revenue calculations and equalization levy thresholds, effective for revenue in fiscal year 2024 and later.

• Appropriates unspecified amounts from the general fund in fiscal year 2023 to the Department of Education for additional local optional revenue and long-term facilities maintenance aid.