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Committee hears state legislative developments and federal funding uncertainty
Summary
CFO and district leaders summarized recent House action on K-12 funding, changes to special education funding levels, a proposed banking bill and a potential statewide property-tax cap; leaders warned continued federal funding uncertainty could affect special education staffing.
The Finance and Facilities Committee heard updates on several state and federal developments that could affect district finances, including a House bill carrying a cost-of-living increase, reduced special-education funding in a House budget draft, a proposed banking bill that would change how local governments consider local banks, and a state-level property tax limit under discussion in the legislature.
Russell Mapp, the district’s chief financial officer, said a House measure he described as the legislative budget included the general state aid amount to fund a 4.3% CPI increase but reduced the special education allocation the…
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