(LANSING) – Michigan schools will be getting more money in their per pupil allowance for the 2014-2015 school year.
State Representative Matt Lori of Constantine voted in favor of the recently passed House Bill 5314, which will establish the School Aid Fund for the coming fiscal year. Total funding for education in Fiscal Year 2015 is $13.9 billion, which is a 4.1 percent increase from last year. Early Childhood Education will receive an additional $65 million, which makes Michigan the leading state in the nation in Pre-K funding.
Lori says all of the schools in the 59th House District will receive the $50 base foundation and the $125 equity payment. Minimum operational funding will increase from the current $7,076 per pupil funding to $7,251 per pupil in Fiscal Year 2015.
Lori says the Bill also includes more than $1 billion to help districts pay down their state employee retirement debt, which will allow school districts to inject more money directly into classrooms.