This amendment adds $38.5 million in appropriations for an external cost adjustment to the education resource block grant model, effective for school year 2025-2026, with specified percentage adjustments across various model components and staffing categories.
- Adds language to the bill's purpose statement indicating that the act provides funding for an external cost adjustment to the education resource block grant model. (Page 1, line 4)
- Appropriates $38,500,000 from the public school foundation program account to the department of education for an external cost adjustment to the education resource block grant model, effective beginning school year 2025-2026. The appropriation is reduced dollar-for-dollar by any similar appropriation in the 2025 budget bills. (Page 5, after line 2)Agency: Department of Education - School Finance · $38,500,000.00 Public School Foundation Program Account
- Establishes the specific external cost adjustment percentages for model components: 4.761% for professional labor, 5.41% for nonprofessional labor, 1.067% for educational materials, -6.285% for energy, and 6.78% for teacher salaries (including core and specialist teachers, instructional facilitators, tutors, ELL teachers, and related support staff). (Page 5, after line 2, subsection (b))
- Limits the appropriation to the fiscal period July 1, 2025 through June 30, 2026, prohibits transfer or expenditure for other purposes, and expresses legislative intent to double the appropriation and include it in the department's standard budget for the next fiscal biennium. (Page 5, after line 2, subsection (c))
- Renumbers the subsequent section from Section 3 to Section 4 to accommodate the new appropriations section. (Page 5, line 4)
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