Direct Aid to Public Education (197)
| Request Title | Provide additional general fund support for school employee retirement |
| Biennium | 2022-2024 |
| Budget Round | Initial Bill |
| Category | Other spending or initiatives |
| Region | None |
Description
|
Increases general fund support for school employee retirement and reduces Literary Fund support for this purpose by the same amount. The Literary Fund savings allows the Board of Education to offer up to $200.0 million in FY 2023 and up to $200.0 million in FY 2024 from the Literary Fund for school construction loans or interest rate subsidy grants, subject to the availability of funds. |
Funding Summary
| Object Type | FY 2022 | FY 2023 | |
| General Fund Dollars | $83,000,000 | $83,000,000 | |
| Nongeneral Fund Dollars | ($83,000,000) | ($83,000,000) | |
| General Fund Positions | 0.00 | 0.00 | |
| Nongeneral Positions | 0.00 | 0.00 | |
| General Fund Transfers | $0 | $0 | |
| General Fund Revenue | $0 | $0 | |
| Layoffs | $0 | $0 | |
| Additions to Balance | $0 | $0 |
Funding Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
| 178 | State Education Assistance Programs | $0 | $0 | |
| By Fund | Fund Code | Fund Title | FY 2022 | FY 2023 |
| 01000 | General Fund | $83,000,000 | $83,000,000 | |
| 07020 | Literary Fund | ($83,000,000) | ($83,000,000) |
Authorized Position Details
| By Program | Program Code | Program Title | FY 2022 | FY 2023 |
p3_opview - Official Enacted Budget View Operating Bullet Details - 07-18-2025 15:08:07
