School aid: supplemental; allocation to certain school districts to pay down debt; provide for. Amends sec. 11 of 1979 PA 94 (MCL 388.1611) & adds sec. 22o.
Impact
The implementation of SB 261 will likely lead to improved fiscal stability for specific dissolved school districts, enabling them to manage their debts more effectively. By providing targeted funding, the bill seeks to ensure that students in these areas can continue to access necessary educational resources without being hindered by financial instability. This legislative action may set a precedent for how the state can offer financial support to districts struggling with debts that arose from previous administrative challenges.
Summary
Senate Bill 261 aims to address financial challenges faced by certain school districts in Michigan by amending the state school aid act of 1979. The bill specifically allocates funding from the general fund to support dissolved school districts that continue to exist separately for the purpose of debt repayment. This includes provisions for allocating a maximum of $1,175,000 to settle remaining bonded debts and up to $14,000,000 for debts owed to the school loan revolving fund, thereby easing the financial obligations these districts face.
Contention
While the bill seems to have a positive effect on school districts in debt, concerns could arise regarding the prioritization of funding from the general fund. Critics might argue that the allocation of funds in SB 261 takes away from other educational initiatives or support for existing school districts that are not dissolved but also face financial hardships. The bill's ability to balance relief for dissolved districts while preserving support for healthy districts could lead to discussions around equity in educational funding.
Evaluation
Overall, SB 261 addresses a specific need within the state's educational framework by directly tackling debt issues faced by certain dissolved districts. However, ongoing discussions may focus on the long-term implications of such financial allocations, questioning whether this solution is sustainable for the state's budget and equitable for all school districts.
School aid: supplemental; funding for the elimination of debt for certain districts; provide for. Amends sec. 11 of 1979 PA 94 (MCL 388.1611) & adds sec. 22e.
School aid: supplemental; supplemental appropriations in the state school aid act of 1979 for bonus payments to certain teachers; provide for. Amends sec. 11 of 1979 PA 94 (MCL 388.1611) & adds sec. 97m.
School aid: supplemental; supplemental appropriations in the school aid act; provide for. Amends secs. 11 & 147c of 1979 PA 94 (MCL 388.1611 & 388.1747c).
School aid: other; certain reading scholarships for certain eligible children; provide for. Amends sec. 11 of 1979 PA 94 (MCL 388.1611) & adds sec. 34a.
School aid: supplemental; fiscal year 2024-2025 supplemental appropriations for K-12 school aid; provide for. Amends secs. 11 & 31aa of 1979 PA 94 (MCL 388.1611 & 388.1631aa).
Appropriations: school aid; funding to districts for the development and implementation of a certain numbering system; provide for. Amends sec. 11 of 1979 PA 94 (MCL 388.1611) & adds sec. 97g. TIE BAR WITH: HB 4225'23
School aid: supplemental; supplemental appropriations in the school aid act; provide for. Amends secs. 11, 31n & 97c of 1979 PA 94 (MCL 388.1611 et seq.) & adds secs. 31ff, 31gg & 97g.
Makes supplemental appropriation of $1 million from Property Tax Relief Fund to DOE to support Pantoliano-DePass school-based mentoring pilot program in certain Bergen County school districts.
Makes supplemental appropriation of $1 million from Property Tax Relief Fund to DOE to support Pantoliano-DePass school based mentoring pilot program in certain Bergen County school districts.