The REC adopted
a forecast that predicted $129 million more in revenue for finish up this
year, and $155 million more available for the next. It appears part of the
former amount ought to be spoken for, according to testimony
given by Education Superintendent John White, stemming from the recent
court decision that invalidated the funding mechanism for the state’s scholarship
voucher program.
As part of that, the state’s Supreme Court also redefined that legislative
instrument responsible for funding the state’s Minimum Foundation Program,
calling it really like a law despite its legal designation as a resolution. The
MFP is a formula created by the Board of
Elementary and Secondary Education, which employs White, to direct state
funding to school district operating expenses and must be accepted or rejected
by the Legislature by concurrent resolution prior to the end of a regular
session. If rejected, the previous year’s formula remains in place.