News & Press: IASBO News

General Assembly Activities

Monday, March 11, 2019  
Posted by: Ella Adamson

GENERAL ASSEMBLY ACTIVITIES

Revised House Formula Run

This afternoon, the House Republicans released a new and revised print-out for their school distribution formula.  The revised run can be found on the House Republicans website.  The revision was necessary because of the complexity index.  There was an issue with the calculation of the complexity index that has now been resolved.  The first run from HB 1001 used the current complexity index for each corporation.  The new index shows a state-wide decrease of 14.5%.  This will impact many corporations in a negative fashion.  Continue to contact your Senators and Representatives about the funding for your corporation.