Budget Amendment ID: FY2017-S4-218

EDU 218

Foundation Reserve

Messrs. Tarr, O'Connor, Fattman and Ross moved that the proposed new text be amended in section 2, in item 7061-0011, For a reserve to: (i) provide relief to school districts whose section 3 aid has been negatively impacted by a change in the low-income calculation of their foundation budget as defined by said section 3; provided, that eligible districts shall be those whose said section 3 aid would be greater as calculated under the guidelines of section 3 of chapter 46 of the acts of 2015; provided further, that the distribution of funds shall be determined by the department on a basis that addresses this shortfall; provided further, that funds distributed from this item shall be considered prior year aid for fiscal year 2018; (ii) to provide for extraordinary relief as specified under clause (iii) in item 7061-0011 of chapter 46 of the acts of 2015; provided further, (iii) have been adversely affected by the closure of a charter school; (iv) who have experienced unanticipated fiscal challenges; (iii) experience foundation enrollment growth of greater than 200 pupils from fiscal year 2014 to fiscal year 2015; (v) whose chapter 70 as a percentage of total foundation budget is less than the district’s target aid percentage”; and (vi) for extraordinary increases in tuition attributable to increased enrollment of students attending a vocation school from their sending district that funds distributed from this item for the purposes of clause (i) shall be considered prior year aid for fiscal year 2018; and in said item, by striking out the figure "O" and inserting in place thereof the figure :$5,000,000"