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House approves new school capital‑outlay formula to equalize funds and let districts keep local levy
Summary
The House advanced Senate Bill 46 on Feb. 26, 1996, a substitute that rewrites school capital‑outlay funding into a formula based on need, effort and ability, and lets districts retain a previously redistributed 0.0001 levy; sponsors said a fiscal note (~$26.36M) is covered in the Education Sub‑Appropriations budget.
The Utah House passed Senate Bill 46 on Feb. 26, 1996, a package intended to simplify and equalize school capital outlay funding across districts.
Sponsor summary and intent: The bill creates a three‑part formula — need (student counts and growth), effort (local tax levies and debt proportion) and ability (assessed valuation per average daily membership) — to distribute capital‑outlay funds. A prominent change allows school districts to retain revenue from a 0.0001 local…
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