Friday, February 24, 2017

Budget Update - Conference Report

The Budget Conference Report, which shows the budget amendments agreed to by the Senate and House budget conferees, is available here.

Highlights from the Budget Conference Report include the following:

  • The state share of a proposed 2% salary increase for SOQ funded positions, effective February 15, 2018.  The amendment clarifies that to be eligible for the state share of this salary increase, the school division must certify that has or will provide a salary increase of at least 2% at some point during the 2016-2018 biennium.
  • $34.1 million in the second year of the biennium (FY18) from the general fund to increase the Lottery Per Pupil Allocation.  The total Lottery Per Pupil Allocation will be $191.3 million, or 35% of the total Lottery Proceeds Fund.
  • $7.3 million in the first year of the biennium (FY17) for small school divisions that have had a 5% or greater decrease in ADM from March 1, 2011 to March 1, 2016.  A list of the eligible school divisions and the proposed amounts can be accessed here