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Committee hears HB515 to top out school facilities trust, expand maintenance aid for small districts
Summary
House Education Committee heard sponsor and fiscal staff on HB515, a bill that consolidates school facilities funds, proposes a one-time $75 million general-fund transfer to cap the school facilities subtrust at $300 million, and increases the fixed district allotment to $40,000 with a $115 per‑A&B student rate to boost state match—targeting small and rural districts.
House Education’s meeting opened with a fiscal primer on the coal severance trust before members considered House Bill 515, a proposal to consolidate school facilities funding and boost state support for major maintenance.
Sponsor Linda Rekston told the committee HB515 would combine the school major maintenance aid and the School Facility and Technology Fund into a single account and provide a one-time $75,000,000 transfer from the general fund to cap the school facilities subtrust at $300,000,000. "We are increasing the school major maintenance aid formula," Rekston said, explaining the bill raises the fixed district amount to $40,000 and sets the per‑A&B rate at $115 while leaving local levies unchanged.
A fiscal briefing from Sam Schaeffer…
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