JFO outlines Act 73 foundation formula, modeling limits and December AIR study
Joint Fiscal Office staff reviewed Act 73 mechanics — base amount times weighted pupil count, small/sparse grants, supplemental district spending and homestead exemption — and said the contracted AIR study (due in December) must model cost-savings and weights once district lines and outstanding policy choices are specified.
The full story
Julie Reicher, staff from the Joint Fiscal Office, briefed the House Education committee on Feb. 11 about the foundation formula created in Act 73 and what the JFO can and cannot model without additional policy decisions.
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