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Committee briefed on K‑12 funding mechanics, Common Schools Trust Fund and Foundation Aid Stabilization Fund
Summary
Legislative Council staff summarized the Burgum executive’s K‑12 recommendations, the role of the Common Schools Trust Fund and Foundation Aid Stabilization Fund in school funding, and proposed limitations on school board use of new dollars for compensation.
Legislative fiscal analysts told the House Appropriations Committee that state K‑12 funding will rely heavily on trust‑fund earnings and that the Burgum recommendation would increase integrated student payments while committing much of new money to personnel compensation.
Sheila Sandness, senior fiscal analyst, summarized key elements of the executive recommendation and the trust fund context: the executive budget proposes a $60 million increase in state school aid, implemented as a 2% per‑year increase in the integrated per‑student payment…
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