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1 Statement of Purpose. The general court recognizes that efforts are underway to study school funding in New Hampshire. Adequacy is an aspect of funding that is decreasing at a rate of 4 percent per year. Should the legislature wish to relieve distressed school districts it is necessary to provide a means to address these decreases in funding. Should the financial situation in New Hampshire allow it, section 2 of this act will provide a means for relief for school districts through prioritizing economically distressed districts according to a formula.
2 New Subparagraph; School Money; Education Grants. Amend RSA 198:41, IV by inserting after subparagraph (d) the following new subparagraph:
(e) For fiscal year 2019, the department of education shall distribute an additional education grant to each municipality in the amount of its 4 percent stabilization grant reduction. No municipality with an ADMA of zero, or that raises and retains more in education property tax than its calculated cost of an adequate education, shall be eligible for an additional grant under this subparagraph. The governor is authorized to draw a warrant from the education trust fund for the purpose of this subparagraph.
3 Effective Date. This act shall take effect 60 days after its passage.
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1 Statement of Purpose. The general court recognizes that efforts are underway to study school funding in New Hampshire. Adequacy is an aspect of funding that is decreasing at a rate of 4 percent per year. Should the legislature wish to relieve distressed school districts it is necessary to provide a means to address these decreases in funding. Should the financial situation in New Hampshire allow it, section 2 of this act will provide a means for relief for school districts through prioritizing economically distressed districts according to a formula.
2 New Subparagraph; School Money; Education Grants. Amend RSA 198:41, IV by inserting after subparagraph (d) the following new subparagraph:
(e) For fiscal year 2019, the department of education shall distribute an additional education grant to each municipality in the amount of its 4 percent stabilization grant reduction. No municipality with an ADMA of zero, or that raises and retains more in education property tax than its calculated cost of an adequate education, shall be eligible for an additional grant under this subparagraph. The governor is authorized to draw a warrant from the education trust fund for the purpose of this subparagraph.
3 Effective Date. This act shall take effect 60 days after its passage.