Thursday, April 11, 2019

HOUSE W&M COMMITTEE OFFERS $42.7B FY 2020 BUDGET WITH KEY INVESTMENTS IN MUNICIPAL & SCHOOL AID

• INCLUDES THE FULL $29.7M INCREASE IN UNRESTRICTED MUNICIPAL AID (UGGA)
• INCREASES CHAPTER 70 BY $218M TO FUND MINIMUM AID AT $30 PER STUDENT
• INCREASES CHARTER SCHOOL REIMBURSEMENTS BY $23M
• ADDS $16.5M RESERVE FOR LOW-INCOME STUDENTS
• ADDS $5M TO THE SPECIAL EDUCATION CIRCUIT BREAKER
• ADDS $5M MORE FOR REGIONAL SCHOOL TRANSPORTATION
• ADDS $1M TO McKINNEY-VENTO REIMBURSEMENTS
• LEVEL-FUNDS MOST OTHER MUNICIPAL AND SCHOOL ACCOUNTS

HOUSE W&M COMMITTEE OFFERS $42.7B FY 2020 BUDGET WITH KEY INVESTMENTS IN MUNICIPAL & SCHOOL AID

• INCLUDES THE FULL $29.7M INCREASE IN UNRESTRICTED MUNICIPAL AID (UGGA)
• INCREASES CHAPTER 70 BY $218M TO FUND MINIMUM AID AT $30 PER STUDENT
• INCREASES CHARTER SCHOOL REIMBURSEMENTS BY $23M
• ADDS $16.5M RESERVE FOR LOW-INCOME STUDENTS
• ADDS $5M TO THE SPECIAL EDUCATION CIRCUIT BREAKER
• ADDS $5M MORE FOR REGIONAL SCHOOL TRANSPORTATION
• ADDS $1M TO McKINNEY-VENTO REIMBURSEMENTS
• LEVEL-FUNDS MOST OTHER MUNICIPAL AND SCHOOL ACCOUNTS

 

April 10, 2019

Dear Jeffrey Bennett,

Earlier today, the House Ways & Means Committee reported out a $42.7 billion fiscal 2020 state budget plan to increase overall state expenditures by 3 percent. The House Ways & Means budget’s bottom line closely matches the budget filed by the Governor in January, yet allocates significantly more for school aid programs. The Chapter 70 aid increase is $17.7 million higher than the amount recommended by the Governor, by increasing minimum aid from $20 per student to $30 per student, and adopting a slightly different method of implementing the recommendations of the Foundation Budget Review Commission. The full House will debate the fiscal 2020 state budget during the week of April 22. House members must file all budget amendments by 5:00 p.m. on Friday, April 12. (Usually, the House considers over 1000 amendments during budget debate week.)

H. 3800, the House Ways & Means budget, provides progress on many important local aid priorities, including the full $29.7 million increase in Unrestricted General Government Aid that the Governor proposed and communities are counting on. The House W&M Committee would increase funding for other major aid programs, by adding $5 million to the Special Education Circuit Breaker, adding $5 million to Regional School Transportation, $1 million to McKinney-Vento reimbursements, and increasing Chapter 70 aid by $218 million more than fiscal 2019 levels.

No comments:

Post a Comment