LD 1372
pg. 5
Page 4 of 5 An Act To Enact the School Finance Act of 2003 LD 1372 Title Page
Download Bill Text
LR 2021
Item 1

 
This initiated bill also directs the Legislature to develop the
necessary implementing legislation to provide for the necessary
state revenue to meet the State's obligation to support public
education without undermining existing municipal support systems
such as municipal revenue sharing, the property tax homestead
exemption and local road assistance, among others.

 
Finally, this initiated bill directs the Legislature to
develop a comprehensive plan as soon as possible but no later
than March 1, 2004 that integrates the efforts of state,
county and local government and schools to reduce unnecessary
spending, identifies cost savings in the delivery of
governmental services and otherwise addresses the issue of the
overall tax burden in this State.


Page 4 of 5 Top of Page LD 1372 Title Page