If you haven't already reviewed Colin Jones of MassBudget's preview of what implementation of the Student Opportunity Act should look like, please do. Numbers to note:
On Chapter 70 aid specifically, one-seventh of the new funding from the SOA reforms would have to be added to the typical annual increases. Combining this new funding with the typical increases, the Baker Administration expects $303 million per year in increased Chapter 70 aid from FY 2020 to FY 2027. This is only a rough estimate from several months ago that will be updated in the FY 2021 budget and beyond as economic conditions, student enrollment, demographics, and other factors shift.emphasis mine
The SOA aims to add transportation costs to the circuit breaker over four years. The education committee estimated this would cost $90 million. This suggests $22.5 million in dedicated spending in this line item in FY 2021, in addition to typical funding growth for special education.
The SOA also sets a goal of fully funding the charter school reimbursement program within three years. Fully funding charter reimbursements would cost roughly $75 million in FY 2020 according to current projections. This total will likely rise with the higher foundation budget as the SOA is implemented over time. This suggests addressing gap would cost $29.4 million in FY 2021 if the charter program continues at current levels and the SOA funding schedule is followed.
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