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Appropriations approves larger per‑pupil increase, boosts school construction revolving fund in K‑12 funding bill
Summary
The Senate Appropriations Committee on Monday amended House Bill 13‑69 to increase per‑pupil payments, raise small‑project bid thresholds, and add $25 million to preserve loan fund capacity for an Air Force base construction project, then recommended the bill for passage to the floor.
The Senate Appropriations Committee on Monday approved amendments to House Bill 13‑69 increasing per‑pupil payments above the House proposal, raising school building bid thresholds, and expanding the state’s school construction revolving loan pool.
The amendment, presented by Senator Shibley, changes the house’s 2%/2% per‑pupil proposal to a higher “3 and 3” adjustment, raising the per‑pupil figure to $11,400 in the first year of the next biennium and $11,746 in the second year as presented in committee. Committee staff estimated the 3/3 change adds about $46.5 million to cost projections. The amendment also increases the amount transferred from the foundation aid stabilization fund into the school revolving low‑interest loan fund from $75 million to $100 million.
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