HF 2083 - Omnibus K-12 Education Bill

• Adjusts education appropriations for fiscal years 2012-2015, including general education aid increased from $5.1 billion to $5.7 billion for 2012 and maintained at approximately $5.85 billion for 2013.

• Modifies current year aid payment percentage from 60% to 70.2% for fiscal year 2012 and later under the education payment schedule formula.

• Increases appropriations for special education aid, charter school building lease aid, integration aid, literacy incentive aid, and adult basic education across multiple program categories.

• Adjusts debt service equalization aid from $11.0 million to $12.5 million for 2012 and from $19.5 million to $16.6 million for 2013.

• Cancels $430,088,000 of unobligated balance in the budget reserve account to the general fund in fiscal year 2012.