HB 5827 Summary

• Changes the fiscal year for school aid appropriations from 2017-2018 to 2018-2019, with total state school aid fund appropriation of $12,747,325,200.00 and general fund appropriation of $200,000,000.00.

• Increases basic foundation allowance from $8,289.00 to $8,409.00 per pupil and minimum foundation allowance from $7,631.00 to $7,991.00 per pupil for 2018-2019.

• Modifies foundation allowance calculation methodology by changing multiplier from "twice" to "three times" for districts with allowances between minimum and basic amounts, providing larger increases for lower-funded districts.

• Allocates up to $4,379,600,000.00 for discretionary nonmandated payments to districts in 2018-2019, including $72,000,000.00 from community district education trust fund and $23,100,000.00 from MPSERS retirement obligation reform reserve fund.

• Takes effect October 1, 2018 with estimated total state spending on school aid of $13,051,225,300.00 for fiscal year 2018-2019.