HB 287 Summary

• Appropriates $51,103,100 from the general fund and other sources to the Department of Education and Early Development for fiscal year 2018-2019, including K-12 aid to school districts ($26,128,400), K-12 support ($12,111,400), and Mt. Edgecumbe Boarding School ($12,863,300).

• Appropriates $30,000,000 from the general fund for fiscal year 2019-2020 to be distributed as grants to school districts based on average daily membership adjustments.

• Appropriates funds to capitalize the public education fund for state aid under the public school funding formula, estimated at $1,189,677,400 for fiscal year 2018-2019 and an unspecified amount for 2019-2020.

• Appropriates $78,184,600 for fiscal year 2018-2019 and an unspecified amount for 2019-2020 to fund student transportation under AS 14.09.010.

• Sections 4 and 5(c)-(d) take effect July 1, 2019 and are contingent on passage of Senate Bill 26; all other provisions take effect July 1, 2018.