Date: 03/05/2012
Final
Briefing on the Report on the State Education Fund
HOUSE COMMITTEE ON EDUCATION
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01:50 PM -- Briefing on the Report on State Education Fund
Todd Herreid, Fiscal Director, Legislative Council Staff, came to the table to brief the committee on the 2012 Report on the State Education Fund. Mr. Herreid provided handouts to the committee (Attachments D and E). Mr. Herreid walked the committee through his presentation (Attachment E), providing background on the creation of the State Education Fund and how revenues are allocated to that fund. He stated that at the end of fiscal year 2011-12, the fund is projected to have a balance of $110 million.
01:57 PM
Mr. Herreid continued his presentation, referring the committee to the graphs on pages 4 and 5 of the presentation handout (Attachment E). He discussed the application of the negative factor and the impact that it has on the state's contribution toward school finance. He added that there is a projected student enrollment increase of about 9,000 to 10,000 students for the upcoming year.
02:04 PM
Mr. Herreid responded to questions from the committee.