Senate Education
The Senate Education Committee advanced the annual School Finance Act, a three-page bill that implements the agreed-upon 30% phase-in of the state's new funding formula and holds districts harmless — no cuts to K-12 in what sponsors repeatedly called a brutal budget year. Even as the bill sailed through unanimously, sponsor Chris Kolker warned that the formula's trajectory is 'not sustainable,' with the state's general fund reserve projected to go negative by FY 2029-30.
Key Actions
Notable Quotes
“The phase in the new formula is not sustainable. In their memo from LCS memo from February of this year nonpartisan staff note it modeling by the JBC staff director shows that under current budget economic expectations and incorporating the current law scenario for school finance, the state's general fund reserve will be negative by fiscal year 2930.”
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Votes
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Sign in to subscribeOkay. The State Senate Education committee will come to order. Ms. Kirstvaln, please take the roll. Senators Bridges. Hello. Bright. Here. Frizzell. Excused. Kip. Here. Rich. Here. Marchman. Here. Mr. Chair. Here. And please note that Senator Frizzell is also here. Today we'll be hearing one bill, Senate Bill 23, brought to us by yours truly and Senator Kirkmeyer. And I will hand the gavel over to my vice chair, Senator Marchmont. I mean that actually that needs to be much. I've sat next to Barb for eight years. I know it's a maniacal, slightly maniacal. I think it's appropriate to the comments. Senators, when you're ready. Senator Kolker. Thank you Madam Chair. Appreciate everyone being here today to hear on the long waited much anticipated School Finance Act. First of all, just want to go over some some background and also thank so many of the stakeholders who have been invol with drafting this bill. It's only a three page bill but we will have a number of amendments today as seems to be typical, you know, with school finance where we're adding things to cover some changes that particularly stakeholders or Department of Ed need done. So we'll…
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