E-12 legislators will meet later today to review the deal agreed upon on Tuesday and the full Omnibus Education Bill proposed for the Special Session. The bill was published Wednesday morning. View the bill.
Leadership in the House and Senate, along with Gov. Tim Walz, reached an E-12 agreement that includes an increased funding target of $543 million in the FY 20-21 and $720 million in FY 22-23. Key components of the agreement include:
- Formula: 2% on the General Education Formula each of the next two years of the biennium. This amounts to an increase of $126 per pupil in FY ’20 to $6,438 per adjusted pupil unit (APU) and an increase of $129 per pupil in FY ’21 to $6,567 per adjusted pupil unit (APU).
- Special Education: $91 million to freeze the cross-subsidy in FY 20-21 and $142 million for FY 22-23
- Voluntary PreK: $47 million to maintain the 4,000 seats in FY 20-21 and $2.5 million for 10% prior year payment in FY 22-23.
- Safe Schools: $30 million in one-time funding for safe schools grants appropriation, contingent upon closing balance for FY 19 exceeding February forecast estimated closing balance.
We are awaiting a call for a Special Session to approve the final plan. Leaders have shared a desire to hold a Special Session on Thursday.
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