Karen Rehfeld, director, Office of Management & Budget, gave a full overview on Wednesday, January 12 on Governor Parnell's FY 12 proposed budgets, including education funding and PERS and TRS unfunded liability. Link to hearing audio and documents:
http://www.legis.state.ak.us/basis/get_minutes.asp?session=27&comm=FIN&chamb=B&date1=20110119&date2=20110119
During the hearing Rep. Gara asked if education is flat funded, or if there are any increases. Ms.Rehfeld said the education funding in the budget is based on the current formula, which is set in statute. The only increase is for the fourth year of implementation for district cost factors. That’s on a five-year schedule, so FY 13 will be the last year of implementation for district cost factors. The BSA is still at $5,680.
Ms. Rehfeld said they will have the supplemental budget bill to the Legislature by the 15th legislative day (February 1) and amendments to the Legislature by the 30th legislative day (February 16).
http://www.legis.state.ak.us/basis/get_minutes.asp?session=27&comm=FIN&chamb=B&date1=20110119&date2=20110119
During the hearing Rep. Gara asked if education is flat funded, or if there are any increases. Ms.Rehfeld said the education funding in the budget is based on the current formula, which is set in statute. The only increase is for the fourth year of implementation for district cost factors. That’s on a five-year schedule, so FY 13 will be the last year of implementation for district cost factors. The BSA is still at $5,680.
Ms. Rehfeld said they will have the supplemental budget bill to the Legislature by the 15th legislative day (February 1) and amendments to the Legislature by the 30th legislative day (February 16).
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