By Associated Press
The Desoto Times Tribune--January 17, 2011
The House of Representatives passed the K-12 education funding bill, HB 1494 on Wednesday.
The funding in HB1494 is approximately $25.5 million above the Legislative Budget Recommendation, largely due to $16.3 million to cover an increase in the cost of state retirement.
HB 1494 as passed by the House provides public schools level funding for the Mississippi Adequate Education Program (MAEP) plus the additional funding needed to cover state retirement.
The bill also provides level funding for teacher supply funds and the National Board Certification program. It also fully funds the Chickasaw Cession interest payment, which affects DeSoto County and several North Mississippi counties.
Though the bill underfunds MAEP by $232 million, it is a fair bill, avoiding any additional cuts beyond the dramatic cuts under which schools are operating this year while making cautious use of improved state revenue," Nancy Loome with the Parents' Campaign said.
The bill will now go to the Senate Appropriations Committee where changes are possible.