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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Venture Tech merges with ISC, acquires SAT
- PSC's Brandon Presley calls in-state nuclear waste dump a 'harebrained scheme'
- Georgia-Pacific completes acquisition of SPG Holdings
- Corps official: River needs larger ports, locks and dams
- Judge intends to rule on McDaniel's challenge before general election
- Community Bank names new officers
- Officials set hunting dates for birds; expands dove season by 20 days
- C Spire, UM installing Wi-Fi network at Vaught-Hemingway Stadium
- Retired judge to hear McDaniel's challenge of primary loss to Cochran