Panel separates school debt‑service from EPS subsidy calculation; change approved unanimously
The Appropriations Committee unanimously moved language to separate principal and interest costs for approved major capital projects from the EPS subsidy calculation and place debt service on a separate line; Education finance staff clarified it does not change reimbursement rules and will slightly lower the total EPS cost (about $2 million).
The full story
The Appropriations Committee unanimously approved language (part MM) that takes principal and interest for approved major school capital projects out of the Essential Programs and Services (EPS) subsidy calculation and places those debt‑service costs on a separate targeted education funds line.
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