September Board of Ed: FY24 update

 Bell on the FY24 budget

third year of Student Opportunity Act implementation
weighted to districts with greater need
increase in minimum aid to $60 per students; costs about $16M to the Commonwealth
"basically halfway through the investment called for in the Student Opportunity Act"
commitment to support districts with extraordinary special education costs (circuit breaker): to about $500M
impacts of increased tuition rates through special education private schools
$5M to $20M for assistance for the current year (as circuit breaker is a reimbursement), plus $75M sent by Governor to Legislature in supplemental
increase in almost $10M in rural aid
transportation reimbursement accounts funded at highest levels:
regional and non-resident students funded at high levels
homeless transportation significant strains as it relates to families needing services; working with administration to identify what those additional costs will be
remains to be seen what those homeless transportation costs will be
universal free school meals started last year through supplemental budget; effectively state's wraparound payment (additional to USDA) "we think that's a good thing"
a lot of new things happening in the budget, too
continued investment in other programs, mostly through grantmaking
assist schools with green schools; "not an activity we're familiar with"
digging in in consultation with the MSBA; new initiative we'll be working on

ESSER: closing in at end of spending authorization for ESSER II
85% of funds claimed (about $115M not claimed) in ESSER II; "certainly doesn't mean it won't be claimed"
"late liquidation" process on a project basis; obligation has to occur, but 18 month reconciliation side
ESSER III (good through end of next September): 55% claim rate (roughly $1.1B still available)
actively engaged with school districts that still mathematically still have a lot of funding unclaimed on the spreadsheets
roughly $1B is out to be claimed