Senators Joe Paskvan, Dennis Egan, and Gary Stevens during the closeout hearing of the Senate Finance DEED Subcommittee, March 20, 2012
This blog contains highlights from the Alaska Education Update. The update is issued daily during session and contains detailed summaries of education issues under consideration by the Alaska State Legislature. If there is a hearing on a Monday, a report will, with few exceptions, be released by Tuesday morning. There is also a weekly edition of the update. During interim, reports are issued only when there has been action. Interim action may include hearings, bill signings, the release of the Governor's proposed budget for the next fiscal year, and other items that may be of interest to the education community.

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Thursday, January 20, 2011

Overview by OMB Director Karen Rehfeld to the House Finance Committee

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).

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