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132nd MAINE LEGISLATURE |
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LD 501 |
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LR 921(01) |
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An Act to Fairly
Fund School Administrative Units for Economically Disadvantaged Students |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: Rep. Cloutier of Lewiston |
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Committee: Education and Cultural Affairs |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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| Current biennium cost increase - local school administrative
units |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Net Cost
(Savings) |
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General Fund |
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$0 |
$38,661,817 |
$38,661,817 |
$38,661,817 |
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| Appropriations/Allocations |
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General Fund |
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$0 |
$38,661,817 |
$38,661,817 |
$38,661,817 |
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| Fiscal Detail
and Notes |
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Increasing the
weighted count in the school funding formula for economically disadvantaged
students under the Essential Programs and Services Fund Act from 0.15 to 0.25
beginning in fiscal year 2026-27 is estimated to increase the total cost of
public education from kindergarten to grade 12 by $70,294,211 per year. The General Purpose Aid for Local Schools
program within the Department of Education will require ongoing General Fund
appropriations of $38,661,817 per year beginning in fiscal year 2026-27 for
the state's share of that cost. The
additional cost to local school administrative units is estimated to be
$31,632,394 per year. |
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