No direct fiscal impact to small businesses would be expected as a result of this proposal. In the calculation of school district state aid, the proposal would remove the exceptions regarding tax rate adjustments due to reassessment. For the purposes of determining state aid, a nonresident student enrolled pursuant to a contract authorized to provide alternative education could be counted, at the election of the serving school district, as a resident pupil. The proposal applies to any error made in the apportionment of state aid due to a difference between the actual number of eligible pupils and the estimated number of pupils to any school district which has, for at least five years immediately preceding the year in which an error in estimating the number of eligible pupils is discovered, adopted a school calendar for twelve months. If the amount paid exceeds the amount to which the district was actually entitled by more that five percent, then the excess plus accrued interest would be deducted over a period specified by the district, but not longer than 60 months.
Current law requires the deduction to be made the next succeeding year.
The proposal contains an emergency clause. This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.