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.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Prescription for success — Transcript Pharmacy continues fast growth
- Study: Mississippi has highest sales tax rate in U.S.
- MSU researchers develop timber-management software
- New law on taxing methods hailed as big win for businesses
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- BBB issues warning involving asphalt paving scam
- Panther Creek megasite — Putting a value proposition out there
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- Baker Donelson's David A. Rueff Jr. co-authors guide
- Panther Creek's location in medical industry zone boosts bio-med prospects