Updated: February 12

The State of Alaska's Education Funding Formula is based on a specific dollar amount per student. Currently the base student allocation is $3,940. Senate Bill 198 increases this allocation by $50.00, thus increasing the base amount for each student to $3,990.

In FY01, the Foundation Program, which funds K-12 Alaska public schools, will require approximately $19 million less in state aid than the amount authorized in FY00. Several key factors contribute to the drop in state aid while continuing to fully fund the foundation formula; a decline in projected student enrollment, an increase in required local effort, and an increase in deductible impact aid.

Senate Bill 198 keeps a portion of these savings within K-12 education and provides a modest increase in school funding equally across the state. I encourage your support for SB 198.

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