Iowa SF60 modifies the calculation of minimum state foundation aid for school districts.
Iowa SF60 amends the calculation of minimum state foundation aid for school districts. It adjusts the formula to be the difference between the amount of foundation property tax in the district and the combined foundation base for the district. If the calculated foundation aid is less than the state foundation aid minimum, the district is entitled to receive the state foundation aid minimum. The bill also includes provisions to reduce the district’s foundation property tax if the sum of the foundation aid and property tax exceeds the combined foundation base.
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