Levy Equalization - Supt of Public Instruction
This program was established by the 1987 Legislature to reduce the tax burden of special levies for maintenance and operations in local school districts with higher-than-average property tax rates due to low property valuations. For calendar year 2018 levies, if a school district needs a tax rate higher than the statewide average tax rate needed for a 14 percent levy, the state will match a portion of a district's levy base, up to a 14 percent levy. Starting with 2019 levies, districts are provided levy equalization up to $1,500 per student in the event that their enrichment levy generates less than that amount.
| Request | 950,816,000 |
|---|---|
| Net change from current biennium | 291,760,535 Increase |
| Percent change from current biennium | 44.3% Increase |
Program Level Summary
| Fund Title | Actual | Estimated | Proposed | ||
|---|---|---|---|---|---|
| Actual | Estimated | Estimated | Proposed | Proposed | |
| General Fund - State | 404,742,000 | 451,409,001 | 207,646,464 | 444,496,000 | 506,320,000 |
| Annual Total | 404,742,000 | 451,409,001 | 207,646,464 | 444,496,000 | 506,320,000 |
Operating Budget: Change from Preceding Biennium
| Actual | Estimated | Proposed | |||
|---|---|---|---|---|---|
| Amount | Percent | Amount | Percent | Amount | Percent |
| 128,047,564 | 19.6% | (121,308,535) | (15.5%) | 291,760,535 | 44.3% |
Employment Summary
| Actual | Estimated | Proposed | |||
|---|---|---|---|---|---|
| 2016-17 Actual | 2017-18 Estimated | 2018-19 Estimated | 2019-20 Proposed | 2020-21 Proposed | |
| FTE Staff Years | |||||
