HB0271H3002

This amendment modifies the spending policy reduction schedule for the common school account, limiting the current reduction to fiscal year 2025 and establishing a phased reduction beginning in fiscal year 2026.

• Restricts the spending policy amount reduction to fiscal year 2025 only by adding 'Through fiscal year 2025,' before the reduced percentage, and restores the previous language that was struck. (Page 4, line 6)
• Removes new language that was added at this location. (Page 4, line 7)
• Establishes a new spending policy schedule beginning in fiscal year 2026: the percentage shall be reduced by one-sixth percent (1/6%) each fiscal year for three years, after which it shall be 4.5%. (Page 4, line 9)

AI-generated summary · Verify against the amendment text (PDF) · Notice a problem? Let us know