HB 177-FN - AS AMENDED BY THE HOUSE
HOUSE BILL 177-FN
SPONSORS: Rep. Ladd, Graf. 4; Rep. Steven Smith, Sull. 11; Rep. Horn, Merr. 2; Rep. Wolf, Merr. 5; Rep. Shaw, Hills. 16; Rep. Hennessey, Graf. 1; Sen. Giuda, Dist 2; Sen. Birdsell, Dist 19
This bill limits the education grant to each municipality for fiscal year 2020 and thereafter to an amount equal to the total education grant to that municipality for the fiscal year in which the grant is calculated plus the amount of the fiscal year 2016 stabilization grant to that municipality.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
27Feb2019... 0258h 19-0126
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nineteen
Be it Enacted by the Senate and House of Representatives in General Court convened:
(d) For fiscal year 2017 [and each fiscal year thereafter] through fiscal year 2019, the department of education shall distribute a total education grant to each municipality in an amount equal to the total education grant for the fiscal year in which the grant is calculated plus a percentage of the municipality's fiscal year 2012 stabilization grant, if any, distributed to the municipality; the percentage shall be 96 percent for fiscal year 2017, and shall be reduced by 4 percent of the amount of the 2012 education grant for each fiscal year [thereafter] through fiscal year 2019.
(e) For fiscal year 2020 and each fiscal year thereafter, the department of education shall distribute a total education grant to each municipality in an amount equal to the total education grant to that municipality for the fiscal year in which the grant is calculated plus the amount of the fiscal year 2016 stabilization grant, if any, distributed to the municipality. No stabilization grant shall be distributed to any municipality for any fiscal year in which the municipality's education property tax revenue collected pursuant to RSA 76 exceeds the total cost of an adequate education or to any municipality for any fiscal year in which the municipality's ADMA is zero.
HB 177-FN- FISCAL NOTE
AS AMENDED BY THE HOUSE (AMENDMENT #2019-0258h)
FISCAL IMPACT: [ X ] State [ ] County [ X ] Local [ ] None
Estimated Increase / (Decrease)
[ ] General [ X ] Education [ ] Highway [ ] Other
This bill, beginning in FY 2020, sets the amount of the stabilization grant portion of the total education grant to municipalities at the FY 2016 level. Under current law, each year the stabilization grant amount decreases by four percent of the original amount, or approximately $6.3 million statewide. This bill eliminates the annual reduction and sets the stabilization grant at the level it was in FY 2016. The impact of this bill on state Education Trust Fund expenditures and local revenue is as follows:
Department of Education
|Jan. 2, 2019||Introduced 01/02/2019 and referred to Education HJ 2 P. 40|
|Jan. 17, 2019||Public Hearing: 01/17/2019 11:00 am LOB 207|
|Feb. 5, 2019||Executive Session: 02/05/2019 10:00 am LOB 207|
|Feb. 27, 2019||Majority Committee Report: Ought to Pass with Amendment # 2019-0258h for 02/27/2019 (Vote 17-3; RC) HC 13 P. 17|
|Majority Committee Report: Ought to Pass with Amendment # 2019-0258h (Vote 17-3; RC)|
|Minority Committee Report: Inexpedient to Legislate|
|Feb. 27, 2019||Amendment # 2019-0258h: AA DV 260-96 02/27/2019|
|Feb. 27, 2019||Ought to Pass with Amendment 2019-0258h: MA RC 268-90 02/27/2019|
|Feb. 27, 2019||Referred to Finance 02/27/2019|
|March 4, 2019||Finance Division II Work Session: 03/04/2019 11:30 am LOB 209|
|March 13, 2019||Finance Division II Work Session: 03/13/2019 01:00 pm LOB 209|
|March 27, 2019||Executive Session: 03/27/2019 10:00 am LOB 210-211|
|Jan. 17, 2019||House||Hearing|
|Feb. 5, 2019||House||Exec Session|
|Feb. 27, 2019||House||Floor Vote|
|March 27, 2019||House||Exec Session|