An Act To Fund Public Education for Kindergarten to Grade 12 at 55%

Sec. 1. Appropriations and allocations. The following appropriations and allocations are made.

EDUCATION, DEPARTMENT OF

General Purpose Aid for Local Schools 0308

Initiative: Allocates funds from revenues received from the State's share of income from the Oxford Casino as part of the additional funding needed to achieve the statutory commitment for the State to fund 55% of the total cost of kindergarten to grade 12 public education as calculated by the essential programs and services funding model.

OTHER SPECIAL REVENUE FUNDS	2013-14	2014-15
All Other	$24,861,398	$13,782,643
OTHER SPECIAL REVENUE FUNDS TOTAL	$24,861,398	$13,782,643

General Purpose Aid for Local Schools 0308

Initiative: Provides for the additional funds necessary to achieve the statutory commitment for the State to fund 55% of the total cost of kindergarten to grade 12 public education as calculated by the essential programs and services funding model.

GENERAL FUND	2013-14	2014-15
All Other	$58,856,800	$85,742,750
GENERAL FUND TOTAL	$58,856,800	$85,742,750

EDUCATION, DEPARTMENT OF
DEPARTMENT TOTALS	2013-14	2014-15
GENERAL FUND	$58,856,800	$85,742,750
OTHER SPECIAL REVENUE FUNDS	$24,861,398	$13,782,643
DEPARTMENT TOTAL - ALL FUNDS	$83,718,198	$99,525,393

summary

This bill provides additional funding totaling $83,718,198 in fiscal year 2013-14 and $99,525,393 in fiscal year 2014-15 necessary for the State to achieve the statutory commitment to fund 55% of the total cost of kindergarten to grade 12 public education as calculated by the essential programs and services funding model.