125th MAINE LEGISLATURE
LD 1274 LR 29(01)
An Act To Restore Equity in Education Funding
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Sen. Raye of Washington
Committee: Education and Cultural Affairs
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
FY 2011-12 FY 2012-13 Projections FY 2013-14 Projections FY 2014-15
Net Cost (Savings)
General Fund $18,302,800 $22,852,100 $23,245,156 $23,644,973
Appropriations/Allocations
General Fund $18,302,800 $22,852,100 $23,245,156 $23,644,973
Fiscal Detail and Notes
In the aggregate, this legislation will increase the total cost of K-12 public education by $39,621,308 in fiscal year 2011-12 and $41,549,272 in fiscal year 2012-13. The General Purpose Aid for Local Schools program within the Department of Education will require General Fund appropriations totaling $18,302,800 and $22,852,100 in fiscall years 2011-12 and 2012-13, respectively, to fund the state's share.
Of that amount, excluding certain federal funds received by school administrative units from the calculation of essential programs and services will increase the total state and local cost of K-12 public education by $39,187,007 in fiscal year 2011-12 and $41,093,837 in fiscal year 2012-13. The cost to fund the State's share of this requirement is estimated to be $18,102,178 in fiscal year 2011-12 and $22,601,611 in fiscal year 2012-13.
Additionally, excluding benefit costs for teachers and other school-levels staff from the calculation of salary costs in the determination of the regional adjustment in the total operating allocation for school administrative units will increase the total state and local cost of K-12 public education by $434,301 in fiscal year 2011-12 and $455,434 in fiscal year 2012-13. The cost to fund the State's share of this requirement is estimated to be $200,622 and $250,489 in fiscal years 2011-12 and 2012-13, respectively.
This preliminary fiscal impact statement assumes that the proposals for funding K-12 public education in fiscal year 2011-12 in Part C of LD 1043, the Governor's budget for the 2012-2013 biennium, including the transition percentage of 97% and the State's contribution percentage of 46.19% is approved by the Legislature during the first regular session of the 125th Legislature.
Fiscal Year Fiscal Year
2011-12 2012-13
Increase to total cost of K-12 Education 1 $ 40,846,709 $ 41,549,272
Transition % 97% 100%
Total cost adjusted for transition % $ 39,621,308 $ 41,549,272
State share (%) 46.19% 55.00%
State share ($) $ 18,302,800 $ 22,852,100
Local share ($) $ 21,318,508 $ 18,697,172
1 Based on fiscal year 2011-12 federal funding anticipated to be received by school administrative units, increased by Real Personal Income growth of 1.72% per year per Title 20-A, 15671.