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| 5 | 5 | | 2025 -- H 5749 |
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| 6 | 6 | | ======== |
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| 7 | 7 | | LC001719 |
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| 8 | 8 | | ======== |
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| 9 | 9 | | S T A T E O F R H O D E I S L A N D |
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| 10 | 10 | | IN GENERAL ASSEMBLY |
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| 11 | 11 | | JANUARY SESSION, A.D. 2025 |
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| 12 | 12 | | ____________ |
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| 13 | 13 | | |
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| 14 | 14 | | A N A C T |
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| 15 | 15 | | RELATING TO EDUCATION -- THE EDUCATION EQUITY AND PROPERTY TAX |
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| 16 | 16 | | RELIEF ACT |
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| 17 | 17 | | Introduced By: Representatives Caldwell, Shanley, Knight, and Speakman |
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| 18 | 18 | | Date Introduced: February 26, 2025 |
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| 19 | 19 | | Referred To: House Finance |
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| 20 | 20 | | |
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| 21 | 21 | | |
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| 22 | 22 | | It is enacted by the General Assembly as follows: |
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| 23 | 23 | | SECTION 1. Section 16-7.2-4 of the General Laws in Chapter 16-7.2 entitled "The 1 |
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| 24 | 24 | | Education Equity and Property Tax Relief Act" is hereby amended to read as follows: 2 |
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| 25 | 25 | | 16-7.2-4. Determination of state’s share. 3 |
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| 26 | 26 | | (a) For each district, the state’s share of the foundation education aid calculated pursuant 4 |
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| 27 | 27 | | to § 16-7.2-3(a) shall use a calculation that considers a district’s revenue-generating capacity and 5 |
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| 28 | 28 | | concentration of high-need students. The calculation is the square root of the sum of the state share 6 |
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| 29 | 29 | | ratio for the community calculation, pursuant to § 16-7-20, squared plus the district’s percentage 7 |
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| 30 | 30 | | of students in grades PK-6 in poverty status squared, divided by two. 8 |
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| 31 | 31 | | If this calculation results in a state share ratio that is less than the state share ratio for the 9 |
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| 32 | 32 | | community calculated pursuant to § 16-7-20(a) and that district’s poverty status percentage as 10 |
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| 33 | 33 | | defined in § 16-7.2-3(a)(2) is greater than fifty percent (50%), the state share ratio shall be equal to 11 |
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| 34 | 34 | | the state share ratio for the community calculated pursuant to § 16-7-20(a). 12 |
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| 35 | 35 | | (b) For purposes of determining the state’s share, school district student data used in this 13 |
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| 36 | 36 | | calculation shall include charter school and state school students. These ratios are used in the 14 |
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| 37 | 37 | | permanent foundation education aid formula calculation described in § 16-7.2-5. 15 |
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| 38 | 38 | | (c) There shall be a poverty loss stabilization fund for districts that experience a decline in 16 |
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| 39 | 39 | | the state share ratio calculated pursuant to subsection (a) of this section from the prior year of more 17 |
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| 40 | 40 | | than 2.0 percent (2%). The amount shall be equal to fifty percent (50%) seventy-five percent (75%) 18 |
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| 41 | 41 | | |
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| 42 | 42 | | |
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| 43 | 43 | | LC001719 - Page 2 of 3 |
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| 44 | 44 | | of the difference in the amount of permanent foundation education aid received pursuant to § 16-1 |
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| 45 | 45 | | 7.2-3 received in the prior year. 2 |
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| 46 | 46 | | SECTION 2. This act shall take effect upon passage. 3 |
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| 47 | 47 | | ======== |
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| 48 | 48 | | LC001719 |
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| 51 | 51 | | |
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| 52 | 52 | | LC001719 - Page 3 of 3 |
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| 53 | 53 | | EXPLANATION |
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| 54 | 54 | | BY THE LEGISLATIVE COUNCIL |
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| 55 | 55 | | OF |
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| 56 | 56 | | A N A C T |
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| 57 | 57 | | RELATING TO EDUCATION -- THE EDUCATION EQUITY AND PROPERTY TAX |
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| 58 | 58 | | RELIEF ACT |
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| 59 | 59 | | *** |
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| 60 | 60 | | This act would amend the determination of the state's share statute by amending the 1 |
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| 61 | 61 | | calculation for the poverty loss stabilization fund. 2 |
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| 62 | 62 | | This act would take effect upon passage. 3 |
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| 63 | 63 | | ======== |
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| 64 | 64 | | LC001719 |
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| 65 | 65 | | ======== |
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