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Legislative Fiscal Office explains Fund for Student Success, CAT allocations, and K–12/higher ed spending
Summary
Legislative Fiscal Office staff told the committee how the corporate activity tax (CAT) funds the Fund for Student Success and its subaccounts (SIA, SEIA, ELA), detailed statutory allocation percentages and listed notable 2025–27 allocations; LFO also gave an overview of state school fund composition, enrollment trends and higher education support.
Legislative Fiscal Office staff gave the committee a detailed look at how recent tax and budget policy supports education programs and where pressures have emerged.
Amanda (Legislative Fiscal Office) opened with a statewide budget overview: the 2025–27 biennial total funds budget is $138.9 billion and the general fund and lottery (discretionary) budget is roughly $39.1 billion. Amanda reiterated the September forecast showed a projected deficit for the biennium of $372.7 million as of Sept. 25.
Mandy Gibson (Legislative Fiscal Office) explained the Fund for Student Success, established by the Student…
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