To provide a template or "place holder" for a potential supplemental school aid appropriation for Fiscal Year 2014-2015. This bill contains no appropriations, but may be amended at a later date to include the.   Official Text and Analysis.

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

To revise certain deadlines in the process by which school districts set their budgets. The amendment was to a substitute was adopted that replaces the introduced bill's "place-holder" language with the provisions described for the House-passed bill.

To shift the sources of funding for the current fiscal year school aid budget to compensate for lower than expected balances in the state “general fund.” This is due to higher than expected payouts to corporations and developers who were granted selective “tax credit” deals by the previous administration. (The draw-down of this fund is happening despite state revenue collections actually rising faster than spending in the current year.) The bill also reduces school aid appropriations to reflect lower than expected public school enrollment figures in the current school year, and reduces some payments intended to reduce the amount of unfunded liabilities in the school employee defined benefit pension system.

With the recommendation that the bill pass.

To not fund community colleges from the school aid fund, but from other state accounts. Note: The school aid fund is established by the state constitution, which specifies that it may be used for may be used only "for aid to school districts, higher education, and school employees' retirement systems." According to some other language added by the 1994 Proposal A initiative suggests the fund may not be used for higher education.