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The Committee on Finance and Tax (Deutch) recommended the

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following amendment:

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     Senate Amendment (with title amendment)

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     Between line(s) 33 and 34,

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insert:

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     Section 2. If the Taxation and Budget Reform Commission's

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proposed constitutional amendment eliminating the required local

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effort in favor of a 1-cent sales tax increase is placed on the

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November 4, 2008, ballot, and further anticipating that the

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elimination of the required local effort will result in an $11

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billion dollar cut to funding of public education, and given that

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the 1-cent sales tax increase is only expected to generate $4

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billion dollars, the Legislature shall, no later than October 28,

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2008, identify the specific sources of funding, specifically

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including the elimination of sales tax exemptions, to offset the

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cuts to public education funding.

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================ T I T L E  A M E N D M E N T ================

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And the title is amended as follows:

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     On line 4, after the semicolon,

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insert:

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requiring the Legislature, by a specific date, to identify

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the specific sources of funding to offset certain cuts to

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public education funding which are anticipated to result

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if a proposed amendment to eliminate the required local

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effort passes;

4/1/2008  12:29:00 PM     30-06286B-08