§ 16-7-19 - Computation of standard local tax rate. - Rhode Island Statutes

SECTION 16-7-19

   § 16-7-19  Computation of standard localtax rate. – (a) The standard local tax rate required to support the basic program shall beforty percent (40%).

   (b) The statewide local tax rate to be used in calculatingeach community's share under § 16-7-20 shall be fifty percent (50%).

   (c) Fifty percent (50%) of the difference resulting from thedifference between the rate presented in subsection (a) and the rate presentedin subsection (b) shall be used in accordance with § 16-5-31 and fiftypercent (50%) of the difference shall be allocated annually by the generalassembly, upon recommendation of the commissioner and the board of regents forelementary and secondary education, for one or more of the programs listed in§ 16-69-2.

   (d) The state controller is authorized and directed to drawhis or her order upon the general treasurer for the payment of those sums orany portions of those sums as may be required from time to time upon receipt bythe controller of properly authenticated vouchers.

   (e) If the sums appropriated are not sufficient to implementsubsections (a), (b), and (c) of this section, then the amount appropriatedshall first be utilized to implement subsection (b) of this section. If thesums are not sufficient, then the amount shall be ratably reduced. Amountsremaining after full funding of subsection (b) of this section shall beapportioned among school districts for the purpose of subsection (c) of thissection.