Successful applicants will receive funds immediately unless they have been conditionally approved. Conditionally approved applicants will receive funds upon notifying the Department of Education that they have met their local match requirements. Capacity is defined as the sum of a school district s property tax capacity per pupil and the district s local option sales and services tax capacity per pupil. Capacity is calculated by adding a district s property tax infrastructure capacity per pupil plus local option sales and services tax capacity per pupil together. The local option sales and services tax capacity is calculated by assuming a tax rate of 1 percent.
Capacity is the sum of the two capacity per pupil measures.
The DE, in consultation with the Department of Revenue and Finance and the Legislative Fiscal Bureau, will annually calculate the sales and services tax capacity for each district. The DE, in consultation with the Department of Management, will also annually calculate the property tax capacity for each district in the state. For the first year of the grant, 2000-01, the capacity information will be made available January 1, 2001. In future years, the capacity information will be made available by July 1. A district must meet the local match requirement through revenue received from bonded indebtedness, local option sales and services tax, physical plant and equipment levies, or other local money received for infrastructure purposes such as gifts and donations.