The House of Representatives have put forward a bill which reintroduced $16.5 million in education funding on Wednesday.
Pegge Erkeneff with the Kenai Peninsula Borough School District…
Erkeneff: “Two things with that: it did not reintroduce the original one time funding that the governor took out in his initial budget but what it did reintroduce was the equivalent of about $1.4 million that was tied to the foundation formula or what some people call the BSA or Base Student Amount. So we absolutely are still in a deficit budget, it would be tremendous to have that back, and it’s fluid and we’re waiting to hear.”
The Kenai Peninsula Borough Assembly set the minimum amount allocated to the school district at $46 million on May 5.
The borough will likely fund the district to the cap, the maximum amount allowed by law which is tied to state funding.
House Bill 205 is one of three bills put forward in the legislature’s special session in an effort to reach an agreement on how to fund Alaska’s 2016 operating budget.
