Schools will probably need less state funding in 2015
Published: July 18,2013
JACKSON — Schools are likely to seek less money from the Mississippi Legislature for the first time since the current school funding formula was created.
An early estimate of the request for the 2015 budget year shows the formula requiring $28.5 million less for reach full funding.
Lawmakers have allocated much less than full funding in recent years, in part because of the downturn in state revenues. The gap between what the formula says is an adequate amount of aid and what the Legislature budgeted for the current 2014 budget year is $293 million. That gap would fall to $264 million the Mississippi Department of Education announced today.
Todd Ivey, who calculates the department’s estimates, warns the number could change as figures for last year’s spending are finalized.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- (UPDATE) Prison won’t interrupt ex-prison chief’s retirement cash flow
- Barbour to lead Butler Snow economic development firm
- JOSH MABUS — Inbound marketing is fueled by wishful thinking
- Kemper plant employee gag order continued
- Ex-prison boss and businessman admit to bribery scheme
- The leadership styles of President Obama
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- ASA postmortem: industrial recruiting is a constant cycle of death and life