Bills › 90th General Assembly
Relating to school funding by establishing the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2024, modifying provisions relating to the property tax replacement payments, making appropriations, and including effective date provisions
Sponsored by the House Education Committee
Topics:State budgetK–12 educationProperty taxesSchool funding
Same legislation: SF 2258
Where it is now
- Done: IntroducedFebruary 7, 2024
- Skipped: SubcommitteeSkipped
- Done: House committeeFebruary 22, 2024
- Done: Passes the HouseFebruary 22, 202460–36
- Done: Senate committeeMarch 14, 2024
- Stopped: Passes the SenateDied when the General Assembly ended
- Next: To the Governor
- Next: Signed into law
Died when the session ended The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill relates to school funding by establishing the state percent of growth and the categorical state percent of growth for the budget year beginning July 1, 2024, and modifying provisions relating to the property tax replacement payments. The bill establishes a state percent of growth of percent for the budget year beginning July 1, 2024. The state percent of growth is used to calculate the amount of supplemental state aid for a budget year as part of the state school foundation program. The bill also establishes a categorical state percent of growth of percent for the budget year beginning July 1, 2024.
Read the full explanation
The categorical state percent of growth is generally used to calculate the amount of supplemental state aid for each of the categorical funding supplements.21. The bill allows the state percent of growth and categorical state percent of growth to be set on a date after days from the transmission of the governor’s budget.16B provides for school district property tax replacement payments. For each budget year beginning on or after July 1, 2023, the amount of each school district’s property tax replacement payment is the product of the school district’s weighted enrollment for the budget year multiplied by the per pupil property tax replacement amount for the budget year. The per pupil property tax replacement amount for budget years beginning on or after July 1, 2023, is equal to the sum of $153 plus the difference between the following: (1) the regular program state cost per pupil for the budget year beginning July 1, 2023, multiplied by 100 percent less the regular program foundation base per pupil percentage; and (2) the regular program state cost per pupil for the budget year beginning July 1, 2021, multiplied by 100 percent less the regular program foundation base per pupil percentage.4 percent. The bill modifies the property tax replacement payment calculation for budget years beginning on or after July 1, 2024. For budget years beginning on or after July 1, 2024, the amount of each school district’s property tax replacement payment is the product of the school district’s weighted enrollment for the budget year multiplied by the per pupil property tax replacement amount for the budget year. The per pupil property tax replacement amount for budget years beginning on or after July 1, 2024, is equal to the sum of $153 plus the difference between the following: (1) the regular program state cost per pupil for the budget year beginning July 1, 2024, multiplied by 100 percent less the regular program foundation base per pupil percentage; and (2) the regular program state cost per pupil for the budget year beginning July 1, 2021, multiplied by 100 percent less the regular program foundation base per pupil percentage. The bill takes effect upon enactment.
From the explanation printed with the bill as introduced, written by the Legislative Services Agency. Amendments adopted later aren’t reflected. Full bill text
Fiscal note
Figure 4 provides the estimated fiscal impact of the Bill. 35(2). 47%) compared to FY 2024. 80%) compared to FY 2024. 2 million for the teacher salary supplement at the district and AEA levels. 3 million for the professional development supplement at the district and AEA levels. 5 million for the early intervention supplement. 1 million for the TLC supplement. 81%) compared to FY 2024.
- Supplemental State Aid · February 21, 2024
Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note
Iowa Code it changes
Read from the bill as introduced. Each links to every bill touching that chapter of the Iowa Code. How the Code works
Lobbying
6 for · 10 against · 3 undecided · Who →
Family tree
Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.
90th General Assembly
Picked up later
Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.
Similar bills
- HF 171 Relating to school funding by establishing the state percent of growth and the categorical…90th General Assembly · WithdrawnVery similar
- SSB 1053 Relating to school funding by establishing the state percent of growth and the categorical…91st General Assembly · Renumbered as SF 167Very similar
- SF 2094 Establishing the state percent of growth and the categorical state percent of growth for s…90th General Assembly · In committeeSimilar
Matched by the wording of each bill’s explanation, or an identical title. Companion bills and renumbered versions of this bill aren’t listed; they’re the same bill.