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Requiring the
property fiscal capacity component of the school funding formula to be based
on a 2-year average of the property values of a municipality included in a
school administrative unit (SAU) in fiscal year 2014-15 and a 3-year average
in fiscal year 2015-16 and succeeding fiscal years instead of the certified
state valuation for the year prior to the most recently certified state
valuation as defined in current law will not change the total state and local
cost of K-12 public education or the state's share of that cost. It may, however, affect the required local
contribution for specific local school administrative units and, therefore,
the amount of state subsidy received by each SAU. The impact to individual SAU's can not be
determined at this time. |