Direct Aid to Public Education (197)
| Request Title | Direct Aid - Update Sales Tax Estimate |
| Biennium | 2020-2022 |
| Budget Round | Amended Bill |
| Half Sheet Number | 145 #18c |
Description
|
This amendment provides an additional $40.0 million from the general fund in fiscal year 2021 and $45.7 million from the general fund in fiscal year 2022 based on the revised sales tax distributions in the midsession reforecast. This increases the estimated sales tax dedicated to K-12 by $90.4 million in fiscal year 2021 and $103.2 million in fiscal year 2022, reducing the state's share of Basic Aid payments by $50.4 million from the general fund in fiscal year 2021 and $57.5 million in fiscal year 2022. Corresponding amendments reduce the COVID-19 Local Relief Payments and adjust the No Loss Payments as a result of this action. |
Funding Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
| 178 | State Education Assistance Programs | $39,990,901 | $45,709,893 | |
| By Fund | Fund Code | Fund Title | FY 2020 | FY 2021 |
| 01000 | General Fund | $39,990,901 | $45,709,893 |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2020 | FY 2021 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 06-07-2025 19:34:54
