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Governor’s Proposed Budget

February 1, 2011. Governor’s Proposed Budget. Continue Freeze of Foundation Aid Formula—Extend full phase-in to 2016-2017 Implement GEA GEA + Loss of ARRA=2.9% of School Budgets Statewide GEA based on wealth, student need, administrative efficiency, and residential property tax burden.

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Governor’s Proposed Budget

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  1. February 1, 2011 Governor’s Proposed Budget

  2. Continue Freeze of Foundation Aid Formula—Extend full phase-in to 2016-2017 Implement GEA GEA + Loss of ARRA=2.9% of School Budgets Statewide GEA based on wealth, student need, administrative efficiency, and residential property tax burden Foundation Aid

  3. Building Early Childhood Transportation High Cost Formulas Run in Some Aids

  4. Total Reduction--$751,414 -13.52% ARRA -$317,184 (used by Chatham for 1 time expenses) Federal Jobs Bill -$265,481 (allocated in 2010-2011, spend in 2011-2012) Impact on Chatham

  5. Creation of Mandate Relief Redesign Team Will Report to Governor on March 1 Mandate Relief

  6. Performance Improvement Awards Management Efficiency Awards $250 million each Performance Incentives

  7. Introduced by Senate 2% or CPI (currently 1.65%) Language is the key item to be determined. Property Tax Cap

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