Print Friendly SENATE CONCURRENT RESOLUTION NO. 137 – School dist, PERSI contributn rate
SENATE CONCURRENT RESOLUTION NO. 137
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SCHOOL DISTRICTS - PUBLIC EMPLOYEE RETIREMENT SYSTEM CONTRIBUTION - Stating
findings of the legislature concerning savings to local school districts
from public employee retirement system rate reduction and requesting
appropriate use of the fund.
03/16 Senate intro - 1st rdg - to printing
03/17 Rpt prt - to 10th Ord
03/19 To Fin
|||| LEGISLATURE OF THE STATE OF IDAHO ||||
Fifty-fourth Legislature Second Regular Session - 1998
IN THE SENATE
SENATE CONCURRENT RESOLUTION NO. 137
BY FINANCE COMMITTEE
1 A CONCURRENT RESOLUTION
2 STATING FINDINGS OF THE LEGISLATURE CONCERNING SAVINGS TO LOCAL SCHOOL DIS-
3 TRICTS FROM PUBLIC EMPLOYEE RATE REDUCTION, AND REQUESTING APPROPRIATE USE
4 OF THE FUNDS.
5 Be It Resolved by the Legislature of the State of Idaho:
6 WHEREAS, the legislature is aware that the reduction of the employer con-
7 tribution rate for the Public Employee Retirement System of Idaho will result
8 in a financial windfall of more than $6,000,000 to the local school districts
9 in the current year; and
10 WHEREAS, the legislature is aware that enrollment increases less than
11 originally estimated may also result in a financial windfall to the local
12 school districts; and
13 WHEREAS, the legislature is in support of the local school districts
14 receiving the additional state financial support; and
15 WHEREAS, it is acknowledged that local school districts' facilities are
16 recognized as an area of need in addition to other areas such as books, sup-
17 plies, computers and related equipment.
18 NOW, THEREFORE, BE IT RESOLVED by the members of the Second Regular Ses-
19 sion of the Fifty-fourth Idaho Legislature, the Senate and the House of Repre-
20 sentatives concurring therein, that for the 1997-98 school year, it is
21 requested that the savings from the Public Employee Retirement System contri-
22 bution rate reduction and any other amount distributed to the local school
23 districts over and above the originally estimated state distribution factor
24 per support unit of $2,794.43 be considered one-time funds and expended for
25 any of the purposes for which bonds may be issued, as authorized in Section
26 33-1102, Idaho Code, or books, supplies, computers and related equipment.
STATEMENT OF PURPOSE
This resolution enables the Legislature acknowledge that because of the retirement rate reduction,
the public schools will receive more discretionary money than originally projected. It allows the
Legislature to state its supports for the local school districts receiving a windfall payment at the
end of the current fiscal year and also requests that the additional funds be used for the addition
to or remodeling of any existing building or furnishing and equipping any building (Section
33-1102, Idaho Code) as well as for books, supplies, computers and related equipment. The
additional funds are to be considered as one-time funds.
None. The funds addressed by this legislation were appropriated to the public schools by the
Contact: Gordon Fisher
Budget & Policy Analysis
STATEMENT OF PURPOSE/FISCAL NOTE
SCR 13 7