Legislature completes budget
School Aid: Chapter 70
Funding for FY 2007 Chapter 70 aid to cities and towns totals $3.505 billion, which is a $216.6 million increase over FY 2006 and an increase over both the House and the Senate budgets.
The budget has gone to the governor, who has 10 days from June 30 to act on it.
As the budget analysis from Massachusetts Budget and Policy Center explains, “however, this amount is still lower than its level in 2002…Adjusting for inflation…the FY 2007 level is close to $400 million below the FY 2002 amount.”
K-12 Education Grants (selected)
Regional School Transportation - $55.5 million, an increase of $15.5 million over FY06
METCO - $19.6 million, an increase of $2 million over FY06
Kindergarten Development Grants - $27 million, an increase of $2 million over FY06
Education Aid Reserve (“Pot-Hole” Account) - $4.5 million, down $2 million from FY06
MCAS Remediation - $10.3 million, similar to FY06
SPED “Circuit Breaker” - $207 million, an increase of $6 million over FY06
Funding for public higher education is $1.028 billion for FY07, a 5 percent increase over FY06, which was less than the Senate's budget, but more than the House.
The budget does not include the Senate's plan to allow all campuses to retain tuition and fee revenues.