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Board approves FY2026 funding request for Mississippi student funding formula

Mississippi Board of Education · July 18, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The board approved the department’s FY2026 request to the Legislative Budget Office, including a multi-billion-dollar student funding formula update and line items for CTE and agency operations; the request must be submitted by Aug. 1.

The Mississippi State Board of Education approved the Department of Education’s FY2026 budget submission to the Legislative Budget Office at Thursday’s meeting.

Dr. Gavin, presenting the request, told the board the agency completed calculations for the Mississippi Student Funding Formula and prepared its FY2026 request, which the presenter stated will be submitted to the legislative budget office on Aug. 1. Dr. Gavin provided detailed line items, citing an updated student funding formula total and supplemental requests for career and technical education and MDE operations; the presentation noted increases tied to inflation, PERS and health-insurance cost changes. "So our request that will go to the legislative budget office for the FY2026 Mississippi student funding formula is [read aloud by presenter]," staff said during the briefing.

A board member moved to approve the budget request; after a second, the board voted by voice and approved submitting the FY2026 request. The presentation also recognized internal budget staff who worked on the submission and noted that the agency’s retained operations funding remains a small fraction of the total requested appropriation.

Board discussion during and after the presentation focused on assumptions used in the formula calculations and on next steps for the legislature to consider the request; no changes to the submitted numbers were made at the meeting.