Monday, April 4, 2011

Legislative Update: Quick dash – budget summary report

When House Democrats unveiled their budget today, K-12 funding took some deep cuts, but also had some major saves. Local effort assistance would be protected completely, with no cuts or changes to the formula. (Click here for a quick summary.)

As expected, the proposed two-year spending plan would suspend I-728 (class size) and I-732 (COLAs) for a total of $1.13 billion. The June apportionment payment would be shifted to the first business day of July 2011, for a savings of $253 million in FY11, moving the payment onto the 2011-13 balance sheet.

Read the full update.