By Jennifer Chambers, Craig Mauger: For Entire Post, Click Here…
The Michigan Legislature approved Wednesday a 10% increase in K-12 school spending in a $17.1 billion plan that achieved what administrators labeled a historic balancing of state funding for districts across the state.
The record funding plan for schools comes as legislators contemplate how to allocate billions of dollars in surplus funds and COVID-19 relief money from the federal government. Overall, the plan for schools is about a 10% increase over the funding total in the current year and uses increases in revenue to close the funding gap between districts in their base foundation allowances — a key objective of both Democratic Gov. Gretchen Whitmer and majority Republican lawmakers that also creates a blueprint for funding equity in future years.
The record-high education spending plan approved Wednesday by the Republican-led Senate and House calls for boosting the state’s base foundation allowance to $8,700 per student, a 7.3% increase from $8,111 in the most recent school year. The maximum guaranteed foundation allowance would rise 2% to $8,700 from $8,529 currently in what Sen. Curtis Hertel, D-East Lansing, called “the largest investment in education in Michigan’s history.”