School finance-vocational education adjustment.

05LSO-0637.L1

                                                         

FISCAL NOTE

 

	FY 2006	FY 2007	FY 2008
NON-ADMINISTRATIVE IMPACT
Anticipated Expenditure Increase:
SCHOOL FOUNDATION FUND	800,000	800,000	800,000

 

Source of expenditure increase:

 

Reformulation in the block grant model pertaining to vocational education

 

Assumptions:

 

The above estimates are derived from the forecast model for school year 2006, based on January 2005 CREG projections.

 

This expenditure increase is assumed to remain constant through fiscal year 2008.

 

Please see attached spreadsheet for additional information.

 

 

 

 

 

 

 

 

Prepared by:   Mary Byrnes, LSO   Phone:   777-7881