Education advocates and interest organizations said that in past years, small amounts of education money shifted from one pot of the state’s budget to another. ➡️ This year, they said, is different. ⬅️ Here's what's happening, via aledlab:
. Since then, state education budgets have been stable, growing slowly as determined by the smoothed-out growth curve of a mathematical formula.
Lawmakers typically used the lower of the calculated formula or the estimate as the cap, though the budget cap was exceeded in early years after its passage. finally, into the ETF Advancement and Technology fund for K-12 and higher education to use on one-time expenses. Whatever is left after those transfers goes to the Advancement and Technology Fund, which lawmakers then have to appropriate, or create a spending bill, to split between higher education and K-12 education.. K-12 schools have used that money to fund the uncovered portion of transportation and purchase of computers, among other types of expenditures. The balance of the A&T Fund is currently $750 million.
The rule change came in the middle of a dynamic and initially unpredictable economic situation due to the pandemic and subsequent federal COVID relief.- with certain restrictions on how that money could be spent and with deadlines on spending it. Hollingsworth and Marlowe said they hope lawmakers scrap Ivey’s proposal and focus the bulk of the windfall on school needs.
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