Washington 2023-2024 Regular Session

Washington Senate Bill SB5403

Introduced
1/16/23  
Refer
1/16/23  
Report Pass
2/9/23  
Engrossed
3/3/23  
Refer
3/6/23  
Report Pass
3/20/23  
Refer
3/22/23  
Enrolled
4/21/23  
Chaptered
5/9/23  

Caption

Establishing school district depreciation subfunds for the purposes of preventative maintenance.

Impact

The implementation of SB5403 will allow school districts to allocate a portion of their budgets specifically for depreciation subfunds, which can be utilized for routine maintenance rather than waiting for dire situations that require immediate attention. This proactive approach could lead to improved conditions in educational facilities, benefiting both students and staff by ensuring safer and more effective learning environments.

Summary

Senate Bill 5403 aims to establish school district depreciation subfunds specifically designed for preventative maintenance. The primary goal of this legislation is to provide school districts with a dedicated financial resource to manage and maintain school facilities proactively, thereby reducing the risks of larger, more costly repairs down the line. This bill is crucial for educational facilities as it targets long-term sustainability and operational effectiveness.

Sentiment

The general sentiment around SB5403 appears to be positive. Supporters of the bill, including various educational stakeholders, emphasize the necessity of sustainable funding mechanisms for school maintenance. They argue that it will enhance the quality of education by ensuring facilities are well-maintained and that it encourages a culture of accountability regarding school property management. However, some concerns have been raised regarding the adequacy of funding and resource allocation among districts, which may affect equitable access to these subfunds.

Contention

Despite the overall support, some contention exists around the specifics of how these subfunds will be established and managed. Critics question whether the bill provides sufficient oversight or if it could inadvertently perpetuate inequities among school districts with varying levels of funding and resources. Additionally, discussions about the potential burden on districts already struggling with limited budgets highlight the need for careful consideration in the final implementation of the bill's provisions.

Companion Bills

No companion bills found.

Previously Filed As

WA LB699

Change the valuation of certain real property for purposes of taxes levied by school districts

WA LR368

Interim study to examine the process for school districts to change the boundaries of individual schools within their districts

WA HB1764

Establishing a method of valuing asphalt and aggregate used in public road construction for purposes of taxation.

WA SB5344

Revised for Engrossed: Establishing a school modernization loan program.Original: Establishing a public school revolving fund.

WA HB1855

Preserving coverage of preventative services without cost sharing.

WA HB1733

Income tax; revise deduction for depreciation for certain expenditures and property.

WA SB5821

Establishing a uniform standard for creating an established relationship for the purposes of coverage of audio-only telemedicine services.

WA HB1383

Establishing a grant program for the purchase and distribution of essential baby products.

WA SB5437

Concerning vacancies of the governing body of special purpose districts.

WA SJR8203

Establishing a public school revolving fund.

Similar Bills

No similar bills found.