A $3.6 billion public school financing formula that would boost spending by $78 million next year started moving forward in the Legislature, gaining approval Wednesday from the House Education Committee.
The formula was devised by Superintendent of Education John White and the Board of Elementary and Secondary Education. Lawmakers can only approve or reject the formula BESE sends them.
The proposal for the 2015-16 school year includes several increases: $34 million required for expected student enrollment growth; $36 million for a 1.4 percent inflationary increase for school districts; and $8 million in new spending for students with disabilities and for students taking “dual enrollment” college courses and career education classes.
It’s $44 million larger than Gov. Bobby Jindal’s recommendation, so lawmakers would need to add more money to next year’s budget to cover the cost.
The education committee approved House Concurrent Resolution 18 sponsored by Committee Chairman Steve Carter, R-Baton Rouge, without objection. It heads next to the Appropriations Committee for review.