Senate Passes School Supplemental

With an estimated $500 million surplus from fiscal year 2011 at their disposal, the State Senate passed a measure this week filling a roughly $95 million shortfall in school funding.

Senate Bill 197, sponsored by Senate Appropriations Chair Roger Kahn (R-Saginaw) passed the Senate 35-0. The measure utilizes $67.1 million in School Aid lapsed funding from other budget lines and $27.5 million in direct appropriations in School Aid Funding (SAF).

The shortfall, largely caused by continued declining property values and associated tax revenues, was approximately $94.3 million in school foundation allowance funding and $334,000 in special education hold-harmless funding.

posted by PAA Online , Friday, December 9, 2011 9:56 AM
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