SB0373 Summary

• Appropriates $12.66 billion from the state school aid fund plus $273.6 million from the general fund for fiscal year 2019-2020 to support public schools, intermediate districts, community colleges, and universities.

• Establishes a $175 per-pupil reduction deduction for 2019-2020 that districts may apply to any eligible program funding, with provisions for districts to recoup amounts through future apportionments if overpayment occurs.

• Allocates $512 million in federal coronavirus relief funds to school districts ($350 per pupil for 2019-2020) and $163.7 million to public universities, requiring compliance with federal coronavirus aid, relief, and economic security act requirements.

• Sets the target foundation allowance at $8,529 and minimum at $8,111 for 2019-2020; maintains special education funding of $1.024 billion estimated with $286.9 million for reimbursing 28.6% of special education costs and 70.4% of transportation costs.

• Provides $249.6 million for great start readiness programs serving 4-year-old children from disadvantaged backgrounds, $27.9 million for career and technical education, and $1 billion for Michigan public school employees' retirement system contributions.