(Doc Name h:\legwork\house\amend\h-wm\004\base student cost funding.docx):
EXPLANATION: Provides funding for the Education Finance Act in accordance with the BEA inflation factor
Amend the bill, as and if amended, Part IB, Section 1,
DEPARTMENT OF EDUCATION, page 359, after line 2, by adding an
appropriately numbered paragraph to read:
/ (SDE: Education Finance Act Funding) For the current fiscal year, the Education Finance Act, in Part 1A, Section 1, XIV, Aid to School Districts shall be increased by $537,000,000 so as to fund the inflation factor projected by the Division of Budget and Analysis and fund a Base Student Cost of $2,742. To achieve this, the Office of State Budget shall reduce all General Fund lines, with the exception of Debt Service, Employee Health Insurance, Employee Pay Plan, Capital Reserve Fund, and the State Department of Education in a Pro Rata manner to Sufficiently Generate $537,000,000./
Renumber sections to conform.
Amend totals and titles to conform.