Posted: May 30, 2014 4:47 PM
Source: Associated Press
BATON ROUGE - A $3.6 billion financing plan to pay for Louisiana's public schools next year has received final legislative passage with a 95-2 House vote.
The school formula for the 2014-15 school year was written by the state Board of Elementary and Secondary Education.
It will increase spending for programs by $15 million, including for career education courses and special education.
Also rolled into the permanent formula is a $70 million boost that lawmakers gave to school districts outside of the formula this year and dollars to cover an increase in the number of public school students.
The formula - known as the Minimum Foundation Program - sets a base per student funding level of $3,961 and pays for 695,000 students.