Section 1. Location equity revenue. Makes all school districts eligible for the $424 per pupil location equity revenue allowance and provides that a district may levy less than the permitted maximum location equity levy.
Section 2. Referendum allowance. Makes technical changes to the location equity revenue subtraction from referendum revenue. Provides that, for a district with more than one referendum allowance expiring in the same year, the location equity revenue subtraction must be made first from any allowances that do not have an inflation adjustment approved by the voters.
Sections 1 and 2 are effective for revenue beginning in fiscal year 2016.
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