§ 15732 District Grade Tax Calculation

This law tells the Controller to figure out three specific tax amounts (40‑cent, 30‑cent, and 10‑cent) for every school grade level that got a final funding decision in the previous year, and to do it by Jan 1 each fiscal year.

Key Takeaways

•The Controller must finish the calculations by Jan 1 each fiscal year.
•Only grades that got a final funding decision in the previous year are included.
•Three fixed tax amounts (40¢, 30¢, 10¢) are computed for each of those grades.

Example

A school district has grades K‑5, and the state finalized its funding for grades 1, 2, and 3 last year.

By Jan 1 of the new fiscal year, the Controller must calculate a 40‑cent tax amount, a 30‑cent tax amount, and a 10‑cent tax amount for each of those three grades.

How to Calculate

For each grade level with a final apportionment: 40‑cent tax amount = $0.40 30‑cent tax amount = $0.30 10‑cent tax amount = $0.10

List every grade level that had a final apportionment in the previous fiscal year.
For each listed grade, assign the three tax amounts: $0.40, $0.30, and $0.10.
Record the amounts by Jan 1 of the new fiscal year.

District has final apportionments for grades 1, 2, and 3.

Result: Grade 1: $0.40, $0.30, $0.10 Grade 2: $0.40, $0.30, $0.10 Grade 3: $0.40, $0.30, $0.10

On or before the first day of January of each fiscal year, the Controller shall compute for each grade level of a district for which grade level an apportionment has become final during any preceding fiscal year the 40-cent tax amount, the 30-cent tax amount and the 10-cent tax amount. (Repealed and added by Stats. 1996, Ch. 277, Sec. 2. Effective January 1, 1997. Operative January 1, 1998.)

Key Takeaways

•The Controller must finish the calculations by Jan 1 each fiscal year.
•Only grades that got a final funding decision in the previous year are included.
•Three fixed tax amounts (40¢, 30¢, 10¢) are computed for each of those grades.

Example

A school district has grades K‑5, and the state finalized its funding for grades 1, 2, and 3 last year.

By Jan 1 of the new fiscal year, the Controller must calculate a 40‑cent tax amount, a 30‑cent tax amount, and a 10‑cent tax amount for each of those three grades.

How to Calculate

For each grade level with a final apportionment: 40‑cent tax amount = $0.40 30‑cent tax amount = $0.30 10‑cent tax amount = $0.10

List every grade level that had a final apportionment in the previous fiscal year.
For each listed grade, assign the three tax amounts: $0.40, $0.30, and $0.10.
Record the amounts by Jan 1 of the new fiscal year.

District has final apportionments for grades 1, 2, and 3.

Result: Grade 1: $0.40, $0.30, $0.10 Grade 2: $0.40, $0.30, $0.10 Grade 3: $0.40, $0.30, $0.10

Key Takeaways

Example

How to Calculate

Key Terms

References

§ 15732 District Grade Tax Calculation

Key Takeaways

Example

How to Calculate

Key Terms

References

Key Takeaways

Example

How to Calculate

Key Terms

Related Statutes

References

Key Takeaways

Example

How to Calculate

Key Terms

Related Statutes

References