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Senate Education hears bill to reduce central-assessed "in lieu" factor from 75% to 65%
Summary
House Bill 1381, carried in testimony by Representative Mike Brandenburg, would change how central-assessed revenues are treated in the school funding formula by reducing the ‘‘in lieu’’ factor from 75% to 65%, allowing many districts to keep about 10% more locally.
House Bill 1381, carried in testimony by Representative Mike Brandenburg, would change how central-assessed revenues (for example, oil and gas production, electric generation and transmission, federal impact aid, and certain mobile-home and telecommunications receipts) are treated in the state school funding formula by reducing the ‘‘in lieu’’ factor from 75% to 65%.
Representative Mike Brandenburg (District 28) told the Senate Education Committee that the bill would allow school districts to retain an additional 10% of those revenues locally instead of having the state treat 75% as imputed into the formula. He said the change would reduce the amount deducted from a district’s foundation aid payment and estimated the biennial fiscal impact presented during House consideration was in the low‑teens of millions of…
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