Bill
LC 1215
Overview: Bill Number: LC 1215, Title: Revise school funding laws to address GTB lag, Status: (LC) Draft Died in Process, Introduced: November 11, 2024Purpose and Intent: The goal
Overview: Bill Number: LC 1215, Title: Revise school funding laws to address GTB lag, Status: (LC) Draft Died in Process, Introduced: November 11, 2024
Purpose and Intent: The goal of this bill is to address the "Guaranteed Tax Base" (GTB) lag issue in the state's school funding formula. The GTB lag has resulted in some school districts receiving less state funding than intended, creating inequities in education resources.
Key Provisions:
- Modify the GTB calculation to use the current year's property values, rather than a 3-year average
- Increase the GTB percentage from 193% to 200% of the statewide average
- Require the state to fully fund the GTB component of the school funding formula
- Provide a one-time appropriation to address past GTB underfunding
Affected Parties and Impacts:
- School districts with lower property wealth would receive more equitable state funding
- Students in property-poor districts would have access to improved educational resources and programs
- The state budget would need to accommodate the increased school funding obligations
Procedural and Timeline Considerations:
This bill was introduced as a draft (LC 1215) but did not advance further in the legislative process, indicating it died in committee.
Compiled from official sources — confirm details with the bill’s official record.
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