Legislature(2005 - 2006)SENATE FINANCE 532
03/16/2005 09:00 AM Senate FINANCE
| Audio | Topic |
|---|---|
| Start | |
| SB141 | |
| HB1 | |
| Adjourn |
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
| *+ | SB 141 | TELECONFERENCED | |
| + | TELECONFERENCED | ||
| = | HB 1 | ||
10:12:35 AM
CS FOR HOUSE BILL NO. 1(HES)
"An Act relating to the base student allocation used in the
formula for state funding of public education; and providing
for an effective date."
This was the second hearing for this bill in the Senate Finance
Committee.
Co-Chair Wilken moved for adoption of SCS CS HB 1, 24-LS0001\S as a
working document.
Senator Hoffman objected for an explanation of the changes.
Co-Chair Wilken explained that the total effect of the committee
substitute adds $70 million to the education foundation funding
formula. This amount is divided into $32 million for the classroom
and $38 million for Public Employees Retirement System (PERS) and
Teachers Retirement System (TRS) expenses. The $32 million is
contingent on the passage of HB 1. The $38 million provision is
contingent upon passage of a retirement reform bill, perhaps in the
form of SB 141.
Co-Chair Wilken calculated passage of this legislation would result
in a funding increase of $343 per student.
Co-Chair Green remarked on the need to reform the PERS and TRS,
which is a priority. This is part of the effort to assist school
districts, boroughs, etc. in funding education.
Senator Hoffman asked the consequences for this legislation if SB
141 does not pass.
Senator Hoffman pointed out that the fiscal note amount is
different that that stated by Co-Chair Wilken. The fiscal note
indicates the total funding per student would be $4,733 rather than
$4,919.
10:15:00 AM
Co-Chair Wilken clarified that the increase of $32 million would
increase the per student allocation by $157 totaling $4,733. If
PERS and TRS reform is passed the per student allocation would be
increased an additional $186 to be $4,919. The total of the
committee substitute is the same as the bill passed by the House of
Representatives.
Senator Hoffman removed his objection and the committee substitute
was ADOPTED as a working document.
Co-Chair Wilken offered a motion to report SCS CS HB 1, 24-LS0001\S
from Committee with individual recommendations and a new fiscal
note.
There was no objection and SCS CS HB 1 (FIN) MOVED from Committee
with a fiscal note prepared by the Senate Finance Committee dated
3/16/05 for the Department of Education and Early Development in
the amount of $32,018,600.
ADJOURNMENT
Co-Chair Green adjourned the meeting at 10:16 AM
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