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Adequate Education Grant Amounts Passed by Senate (SB539)
3/20/2008

Summary:
SB539, as passed by the Senate on 3/20/08, establishes the cost of an adequate education. The new formula distributes over $566 million in adequacy grants, $48 million in fiscal capacity disparity aid and $9 million in transition aid, for a total of approximately $623 million. Based on the statewide property tax, over 35 communities will pay $15.6 million to the state...

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