2007 Senate Bill 221 ↩

Senate Roll Call 64: Passed

To reduce Fiscal Year 2006-2007 appropriations from the School Aid Fund by approximately $275 million. Most of this would come from reducing deposits into school employee pension and post-retirement health care funds to the legal minimum (which is significantly below the actuarially sound minimum.) In terms of actual spending cuts, $5 million in "categorical" grant spending would be eliminated. The bill does not include the $34 per pupil foundation grant reduction the Senate originally adopted, and does not fully close the $377 million gap between school aid fund appropriations and expected revenue. It is anticipated that an "Executive Order" imposing pro-rated foundation grant cuts across all school districts will make up the $62 million difference.