2004 Senate Bill 1194 ↩

Senate Roll Call 357: Passed

To transfer $50.1 million from the state General Fund to the School Aid Fund, to close a gap between previously expected revenue and actual spending in the 2003-2004 school year budget. The action removes the need for the governor to order a "pro-rated" cut to schools of $28 per student just weeks before the June 30 end of most school districts' fiscal year. Taking $50.1 million out of the General Fund means that other state spending must be cut, or taxes raised, or a combination of both.