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Senate advances capital outlay reform to create school capital foundation program
Summary
Sen. Dan Taylor’s SB 46 would create a capital foundation program to address school building aid and equalization, directing 80% of initial revenues to a foundation program and using needs-based factors; sponsors plan an amendment to avoid a fiscal note. The Senate passed the measure to the third-reading calendar (26–0).
Senate Bill 46, presented by Senator Dan Taylor on Feb. 19, would create a capital foundation program designed to address average daily membership and assessed valuation disparities in school building aid and capital outlay equalization.
Taylor said the measure was the…
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