308. Where the school board levies a tax the rate of which exceeds $0.35 per $100 of the standardized assessment of taxable immovables or a portion of that assessment included in its property tax base or the yield of which, established at the time of the adoption of its budget, exceeds the amount computed under the following paragraphs, the tax is subject to the approval of the electors in accordance with sections 345 to 353.
The maximum yield of the tax for one school year shall be computed
(1) by multiplying the amount per student determined for the year by the allowable number of students for the same year established in the manner prescribed by regulation of the Government;
(2) by adding, where the allowable number of students is 1,000 or more, the base amount determined for that year.
For the school year 1990-91, the amount per student is $500 or, where the allowable number of students is under 1,000, $650, and the base amount is $150,000. For each subsequent school year, the amounts per student and the base amount shall be obtained by applying the rates of increase fixed by regulation to those for the preceding year. In cases of amalgamation or total annexation of school board territories or of termination of a regional school board having occurred after 30 June 1990, the base amount of the amalgamated or annexing school board or of a school board that is a member of the regional school board shall, from the school year in which the change takes effect but only for the period determined by regulation, where that is the case, be established according to the rules prescribed therein.
1988, c. 84, s. 308; 1990, c. 28, s. 3; 1992, c. 23, s. 10; 1999, c. 40, s. 158.
For the school years 2018-2019 and 2019-2020, See Transitional provision S.Q. 2018, c. 5, s. 87.