Early details of the plan pending review of the technical bills indicate a record dollar increase in school aid for 2000-01. The plan essentially funds existing programs at or above present law amounts. Proposals for a STAR rebate check and new limits on school spending were rejected. In return, lawmakers approved the Governor s recommendations for additional school budget and STAR disclosure. District aid projections are available on the SED website and from our office upon request.
Aid is based on prior year pupil counts.
Aid projections reflect all hours for summer 1999 some of which may not be eligible for this aid. No formula change - present law. Aid is based on the current formula. The plan includes the use of a multi year cost allowance based on period of probable usefulness to encourage proper maintenance and construction. The proposal to deduct interest earnings from approved debt payments was rejected.