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►b41\ <br /> \ cPP <br /> NOTES ON ATTACHED SPREAD SHEET <br /> $ <br /> PORTION OF HALF-CENT SALES TAX DEDICATED TO SCHOOL CONSTRUCTION: <br /> Includes funds earmarked for public school construction from the ocal option <br /> ee <br /> half -cent sales taxes passed in 1983 and 1986. House Bill 1155 frze ..°at:.6Q, <br /> `peiF,, en,.;gortian..of...,the4.1.986. tax which must;;be-1spent--,forpublic,oschogf <br /> constiir ctio <br /> PUBLIC SCHOOL BUILDING CAPITAL FUND: New funds most of which are generated from the <br /> ,corpg4SpiAcom4000,44nereaseA Available to each county based on the:per-county. 1987 ' <br /> school populat ion .prof ections fit;: <br /> NEW REVENUE FROM INVENTORY TAX REDISTRIBUTION: New revenue to the counties. Although <br /> not earmarked for school construction, these funds, are available for that purpose. <br /> Numbers used are based on current inventory tax figures and do not take into account <br /> any future increase or decrease in inventories. New revenue figures from inventory tax <br /> redistribution may need to be adjusted for the nine counties which have not responded <br /> to inquiries regarding their inyentory tax collections. <br /> FUNDS FOR VOCATIONAL EDUCATION/CLERICAL WORKERS: Under the provisions of the Basic <br /> Education Plan, the State will take over the counties' cost° of employing .vocationali <br /> education teachers and ag#00 cl.; icalr'!;w.orker6 half in the first year of the biennium <br /> and half in the second. The exact provisions of this portion of the package will be in the <br /> Main Appropriat ions Bill and-wIll amount .'to-addit,ional funds•availabl:ei41',public .schopj <br /> construction.; The amount that local school districts will receive in vocational <br /> educational funds will actually be more than indicated because of an upward revision in <br /> the salary figures used to calculate the cost of the Basic Education Plan. <br /> NOTE: In addition ,to the funds allocated to the counties on the spread sheet, the <br /> Critical Needs Fund will provide a pool of $185.9 million which will be distributed <br /> to counties having critical needs and an inability to meet those needs from <br /> available resources. <br />