My district is slated for a 20 percent increase in aid. How much will we have to direct toward property tax reduction?
None of it. You may budget all of your aid increase in 2008-2009. Districts slated for 11 percent to 20 percent state aid increases are spending below their adequacy budgets and, therefore, are not subject to the giveback provision. In districts slated for aid increases of 10 percent or less, board members should ask their business administrators if, and how much of, the increase must be applied to property tax reduction.
