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MO HB1132
Bill
Status
3/5/2015
Primary Sponsor
Steve Cookson
Click for details
AI Summary
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School districts with assessed valuation per student in the lowest 10% of all districts during the 2004-05 school year will receive an annual 10% increase in state funding beginning in school year 2015-16
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The increase applies to funding calculated under the state foundation formula (section 163.031), which determines state aid based on weighted average daily attendance, state adequacy target, and local effort
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The bill amends existing law by adding a new subsection 9 to section 163.031, which was previously enacted under HB 1689 in the 97th General Assembly
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The funding increase is permanent and applies "each school year thereafter" following the 2015-16 implementation date
Legislative Description
Increases funding under the school funding formula for school districts with an assessed valuation per student that fell within the lowest 10% of all school districts in the 2004-05 school year
Last Action
Action Postponed (H)
5/7/2015