72-64c04. State aid; increases based upon CPI-U.
72-64c04
72-64c04. State aid; increases based uponCPI-U.(a) For school year 2007-2008, and for each school year thereafter, the totalamount of state aid, except for state aid for special education and relatedservices, shall be increased by not less than a percentage equal to thepercentage increase in the CPI (urban) during the preceding fiscal year ascertified to the commissioner of education by the director of the budget andthe director of the legislative research department on August 15 of each year.Such state aid shall be distributed and adjusted for weighted enrollmentchanges in the manner provided by law. If there is a percentage decrease or nochange in the CPI (urban) during the preceding fiscal year, the amount of stateaid, excluding state aid for special education and related services, shall beno less than the amount of such aid in the preceding fiscal year.
(b) The increases in the amount of state aid attributable to the newweightings created by this act, the increases in the existing weightings andthe increases in the amount of base state aid per pupil shall be deemed tosatisfy the requirements of subsection (a) for school years 2007-2008 and2008-2009.
(c) The provisions of this section shall expire on June 30, 2010.
History: L. 2005, ch. 152, § 30;L. 2006, ch. 197, § 25; July 1.