Schools will probably need less state funding in 2015
by Associated Press
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
- MDA introduces new 'Mississippi Homecoming' tourism ad campaign
- MSU Foundation names five new members
- Crowded field lines up for Jackson mayoral election
- Cochran questions nominee concerning Stanford ponzi scheme
- Another fiberhood qualifies for C Spire 1-gigabit Internet service
- DMR pays accounting firm more than double contract's worth
- George’s Girls put shopping skills to work
- Reactive Surfaces files lawsuit against Toyota in patent dispute
- Following ruling, Entergy to hand over records to county