Lawmakers have sent nearly half the 2007-08 budget bills to Governor Jennifer Granholm, and discussions continue on reaching agreement to what has been the major holdup to completing the budget: the Department of Human Services.  The K-12 Budget has not yet passed the legislature but it is expected to pass later today or early tomorrow.

Wednesday is the deadline for the Legislature to complete action on the 2007-08 budget before the 30-day continuation budget expires.

The K-12 appropriations conference report is finished and has been agreed to in the conference committee. Highlights in the report include:

• Sets a new basic foundation allowance for 2007-08 of $8433
• Districts at or above the new base will receive an increase of $48
• Districts at the 2006-07 minimum of $7108 will receive $96
• Districts in between will receive an increase on a sliding scale based on the formula between $48 and $96 per pupil
• Increase in school readiness per-child allocation from $3300 to $3400 per slot.

MORE INFORMATION:

CLICK HERE FOR A SUMMARY OF THE CONFERENCE REPORT

CLICK HERE FOR A DISTRICT BREAKDOWN OF THE NEW FUNDING FORMULA

CLICK HERE FOR A DISTRICT BREAKDOWN OF THE TRANSPORTATION CATEGORICAL