Due to the delay in the passage of the final FY20 state budget, the Department of Revenue has announced that it will make the July cherry sheet payments and assessments based on the amounts in the Governor’s House 1 budget proposal submitted in January. This affects Chapter 70 aid as well as charter tuition payments and reimbursements. Charter school amounts, in particular, may be significantly higher or lower when the final budget is enacted, so districts and charter schools are cautioned not to rely on the July payments as they finalize their district and school spending plans. As soon as there is a final state budget, DESE will provide districts with final Chapter 70 amounts and updated charter tuition estimates. The August cherry sheet payments will be adjusted to reflect any over- or under-payment in July.Things I learned this week: 1. Chapter 70 aid payments are issued monthly BUT at the end of the month; 2. Thus the first fiscal year payment doesn't come out until July 31; 3. Circuit breaker reimbursments generally don't start until September (it varies a bit by district).
With the news that we may finally, FINALLY be getting a state budget this coming week, we at least don't have to worry about what happens if we get into August.