$3.7 Billion Financing Formula Adopted For Public Schools

 

BATON ROUGE, La. (AP) — Louisiana's public schools will divvy up $3.7 billion to pay for operations next year.

House lawmakers voted 90-0 Thursday to give final passage to the financing formula for K-12 public schools. The Senate earlier had agreed to the spending plan with a unanimous vote.

- Sponsors -

The formula, submitted by the state education board, will pay for more than 700,000 students in the 2018-19 school year. It contains no inflationary increases, but will grow slightly to account for an expected increase of nearly 2,800 students. The amount paid per student will remain frozen at the current rate of $3,961.

Republican Rep. Nancy Landry, chair of the House Education Committee, described it to her colleagues as "a standstill budget, same as last year."

Education leaders sought more money to boost teacher pay and cover rising school district expenses. But the state Board of Elementary and Secondary Education didn't think such increases could win legislative backing amid ongoing state budget gaps.

- Partner Content -

Entergy’s Energy Smart Program Brings Cost Conscious Innovation to New Orleans

Offering comprehensive energy efficiency at no cost to the consumer, Entergy’s Energy Smart program incentivizes Entergy New Orleans customers to perform energy-saving upgrades in...

Lawmakers can only approve or reject the K-12 school financing formula – known as the Minimum Foundation Program – that the education board sends them. They cannot change it.

___

Senate Concurrent Resolution 48: www.legis.la.gov

Digital Sponsors / Become a Sponsor

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter