HB 1492 Summary

• State Department of Education must publish specific school district cost information on its website, including depreciation on buildings and capital assets, teachers' retirement system benefit costs, and unfunded pension obligations.

• School districts maintaining their own websites must display the same cost information required by the state, covering financial management personnel expenses, technology center expenditures, and dedicated revenue spending.

• State Department of Education shall establish a benchmark system comparing actual public school education costs to private school education costs using the collected financial data.

• Effective date: November 1, 2011.