Education: financing; limitations on mills levied for school operating purposes; revise. Amends secs. 20 & 22a of 1979 PA 94 (MCL 388.1620 & 388.1622a).
The determination of state aid.
New Public School Finance Formula
The option for a school district to reduce its local contribution deduction in the school state aid formula by the percentage of the local contribution which comes from in lieu of revenue.
Requires five-year average of equalized property valuation be used in calculation of local share under State school funding formula.
The determination of state aid, boarding care costs, public improvement construction, bonds from contractors for public improvements, and school district levies; to provide for a transfer; and to provide an effective date.
Relating to the dissolution of certain general law districts.
Relating to the use of tax collections in determining certain state and local responsibilities for school funding.