SB17-296

SB17-296 - Financing Public Schools

Passed/Signed into Law
Concerning financing public schools, and, in connection therewith, making an appropriation.

The bill sets the statewide base per pupil funding amount for the 2017-18 budget year at $6,546.20, which is an inflationary increase of 2.8%, and establishes the minimum amount of total program funding for the 2017-18 budget year.

The bill requires that the sum of the total program funding for all schools for the 2017-18 budget year is not less than $6,634,600,182.

The bill authorizes the state board to approve supplemental assistance from the contingency reserve fund for a district that experiences an unusual financial burden that results from implementing a new program or school or expanding a program in the district that results in a 20% or greater increase in the district's pupil enrollment from the pupil enrollment used to calculate the district's total program funding for the applicable budget year. The district must reimburse the contingency reserve fund at the time funding is adjusted for actual pupil enrollment for the applicable budget year.

The bill changes the terminology used in the school finance act to describe the reduction in the state's share of total program funding from the phrase 'negative factor' to 'budget adjustment'.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

Latest update: June 2, 2017
06/02/2017 - Governor Signed
05/19/2017 - Sent to the Governor
05/19/2017 - Signed by the Speaker of the House
05/18/2017 - Signed by the President of the Senate
05/10/2017 - Senate Considered House Amendments - Result was to Concur - Repass
05/10/2017 - House Third Reading Passed with Amendments - Floor
05/09/2017 - House Third Reading Laid Over Daily - No Amendments
05/08/2017 - House Second Reading Special Order - Passed with Amendments - Committee, Floor
05/08/2017 - House Committee on Appropriations Refer Amended to House Committee of the Whole
05/08/2017 - House Committee on Education Refer Amended to Appropriations
05/08/2017 - Introduced In House - Assigned to Education
05/08/2017 - Senate Third Reading Passed - No Amendments
05/05/2017 - Senate Second Reading Passed with Amendments - Floor
05/03/2017 - Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
04/27/2017 - Senate Committee on Education Refer Amended to Appropriations
04/19/2017 - Introduced In Senate - Assigned to Education