Tuesday, May 22, 2018

Board of Ed update on FY19 budget

Bell: state assessment funding already went over earlier
spending right now in FY18
both House and Senate just passed the supplemental budget; on Governor's desk
includes $12.5M for support for circuit breaker
AND INCLUDES $2.5M for charter school payments
earlier $15M for student evacuees
already distributed $6.7M in April (expenses til March)
round two of $8.3M (March to end of school year)
second data capture to distribute funding
based it on a FTE basis
federal government when it "finally produced an FY19 bill"
also a federal emergency impact aid bill
anyone from Hurricane Harvey, Maria, and CA wildfire
"we don't anticipate a lot of students from Texas or California"
in process of collecting data from the districts to also have those districts reimbursed by the federal government
"we as a state need to file an application by the 4th of June"
finalizing data collection: will be two opportunities
anticipating funding in late June, early July
intended for this year; "will be an accounting exercise" once they get it (as the fiscal year will have ended)
"remains to be seen if these values will hold, as it's a $2.5B national pot"

FY19: Senate budget currently being deliberated
theme "strong commitment to education local aid accounts"
Senate in best position
implementation of low income shift in future year
ELL increment
value of Senate circuit breaker would probably be 71 or 72%
additional charter reimbursement in the Senate; "it's not where the need statement is...but it's still a significant increase"
hoping assessment item comes in through amendment (as Senate W&M has it in lower), doesn't go to conference committee

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