Adjustments to School Funding Budget Year 2023-24
| Type | Bill |
|---|---|
| Session | 2024 Regular Session |
| Subjects |
Concerning adjustments to school funding for the 2023-24 budget year, and, in connection therewith, reducing an appropriation.
Bill Summary:
The general assembly recognizes that the actual funded pupil count and the at-risk pupil count for the 2023-24 budget year are higher than expected when the appropriation amount for the state share of total program funding was established during the 2023 legislative session, resulting in an increase in total program funding for the 2023-24 budget year.
In addition, local property tax revenue and specific ownership tax revenue are higher than anticipated, resulting in an increase in the local share of total program funding for the 2023-24 budget year.
The act declares the general assembly's intent to maintain the budget stabilization factor at the amount of the original appropriation for the 2023-24 budget year.
The act decreases the appropriation for the state share of total program funding by $23,964,790 in cash funds from the state education fund and adjusts the 2023-24 state fiscal year long bill accordingly.
APPROVED by Governor March 8, 2024
EFFECTIVE March 8, 2024
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 24-1207 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 9-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 24-1207 to the Committee of the Whole. | The motion passed on a vote of 9-2. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 02/15/2024 | Third Reading | BILL |
29
AYE
1
NO
5
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 02/08/2024 | Third Reading | BILL |
63
AYE
0
NO
2
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 03/08/2024 | Governor | Governor Signed |
| 02/27/2024 | Governor | Sent to the Governor |
| 02/27/2024 | Senate | Signed by the President of the Senate |
| 02/26/2024 | House | Signed by the Speaker of the House |
| 02/15/2024 | Senate | Senate Third Reading Passed - No Amendments |
| 02/14/2024 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 02/13/2024 | Senate | Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 02/09/2024 | Senate | Introduced In Senate - Assigned to Appropriations |
| 02/08/2024 | House | House Third Reading Passed - No Amendments |
| 02/07/2024 | House | House Second Reading Special Order - Passed - No Amendments |
| 02/06/2024 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 02/02/2024 | House | Introduced In House - Assigned to Appropriations |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 03/08/2024 | 19 | Adjustments to School Funding Budget Year 2023-24 |