15-944. Base revenue control limit


A. The base revenue control limit for each school district for fiscal year
1980-1981 is computed as follows:


1. Add the amounts in the fiscal year 1979-1980 budget effective May 15, 1980 for
general operating and special education.


2. Subtract the following budgeted revenues from the sum obtained in paragraph 1 of
this subsection:


(a) Tuition paid for attendance of nonresident pupils.


(b) State assistance as provided in section 15-976.


(c) Special education revenues as provided in section 15-825, subsection D and
section 15-1204.


(d) Proceeds from the sale or lease of school property as provided in section
15-1102.


3. Add the increase in the base support level from fiscal year 1979-1980 to fiscal
year 1980-1981 to the difference obtained in paragraph 2 of this subsection.


B. The equalization factor for each school district is computed as follows:


1. Divide the sum obtained in subsection A, paragraph 3 of this section by the base
support level for fiscal year 1980-1981.


2. Subtract 1.0 from the quotient obtained in paragraph 1 of this subsection to
obtain the equalization factor.


C. The revenue variation factor for each fiscal year is as follows:


1. For fiscal year 1981-1982, 0.80.


2. For fiscal year 1982-1983, 0.60.


3. For fiscal year 1983-1984, 0.40.


4. For fiscal year 1984-1985, 0.20.


D. The base revenue control limit for each school district during the five years in
which the equalization plan is in operation is computed as follows:


1. Multiply the equalization factor by the revenue variation factor for the
applicable year. Beginning with fiscal year 1983-1984 if the resulting product is less
than negative 0.08, use negative 0.08 for computation purposes as provided in paragraph 2
of this subsection.


2. Multiply the product obtained in paragraph 1 of this subsection by the base
support level for the applicable year.


3. Add the base support level for the applicable year to the product obtained in
paragraph 2 of this subsection.


E. For fiscal year 1985-1986 and each fiscal year thereafter, the base revenue
control limit equals the base support level for the same fiscal year and the amount
determined in section 15-910.04.