March 20, 2018
Senate Subcommittee 2018-19 School Aid Budget Released
This morning, the Senate K-12 Appropriations Subcommittee for K-12 School Aid released its version of the FY 2018-19 School Aid Budget. Senate Bill 863 is slightly different from the Governor’s recommendation and holds the line on a significant increase to foundation allowances and lessens the blow to districts providing shared time services or cyber schools. It addresses some of the issues we were concerned about and includes added funding to sections that haven’t seen increases in years.
Senate Bill 863 includes:
The total cost of the Senate K-12 Appropriation Subcommittee’s proposal comes in at $96.6 million above the Governor’s plan and is mostly comprised of an increase in the general fund transfer by $90 million and adjustments in other line items. We have posted all of the documents on our webpage for the FY2018-19 School Aid Budget, including:
This is the next step in the process. The House has indicated it will release their version in a couple weeks. For now, it seems the level of foundation allowance increase we saw in the Governor’s plan is holding strong, but the May Revenue Consensus Estimating Conference (CREC) will shed more light on the additional funds needed to secure the higher foundation allowance.
We will continue to review and monitor the progression of the school aid budget legislation.
David and Bob
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