CLICS/CLICS2024A/commsumm.nsf
PUBLIC
BILL SUMMARY For STATE BUDGET AND POTENTIAL REVENUE STREAMS
INTERIM COMMITTEE OVERRIDE MILL LEVY MATCH WORKING GROUP
Date Oct 22, 2024
Location SCR 352
State Budget and Potential Revenue Streams - Committee Discussion Only
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09:13:24 AM |
Andrea Uhl, Joint
Budget Committee Staff, began her presentation on the state budget and
potential revenue streams for the MLO Match program, which can be found
as Attachment B. She reviewed MLO match funding history from the General
Fund and State Education Fund. Ms. Uhl explained that currently, the state
transfers money from the General Fund (GF) or State Education Funding (SEF)
into the MLO Match Fund as a cash transfer instead of doing a direct appropriation.
She explained that in terms of the state share of districts' total program
funding, the largest amount comes from the GF, follwed by the SEF, and
finally the State Public School Fund. She discussed the SEF balance, which
is quickly decreasing, which means that the GF appropriation for school
finance can no longer be held constant and will need to increase to account
for the decrease in the SEF.
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09:24:18 AM |
Ms. Uhl explained
that the SEF is also used for a variety of other one time and ongoing education-related
programs. She suggested some considerations for the working group, such
as: setting the maximum amount the MLO match program should cost annually;
is it more important to fully fund fewer districts or more districts at
a lower amount; and how should this program be prioritized against all
the other GF uses. Ms. Uhl answered questions from the committee.
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