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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 result of a task force and public education appropriations work, and described formula factors including need as determined by students in alternative housing, use of portables, growth rate and new-student counts. He said the Education Appropriations Committee funded the bill with the exception of a $7.7 million portion recommended by the task force; floor sponsors indicated they would prepare an amendment to maintain the status quo financing so that the bill would carry no fiscal note.
The Senate adopted the committee report and approved SB 46 by roll call, 26 yeas, 0 nays, 3 absent, sending the bill to the third-reading calendar. Sponsors said the bill aims to provide a more predictable capital funding model for school districts and would prioritize districts based on the enumerated needs factors.
