Missouri 2024 Regular Session

Missouri Senate Bill SB1164

Introduced
1/3/24  

Caption

Establishes the Education Stabilization Fund

Impact

The establishment of the Education Stabilization Fund is designed to enhance the reliability of state funding for public schools. By allowing for the transfer of funds into the education budget when necessary, the bill would mitigate the fiscal challenges that schools face during budgetary shortfalls. This mechanism aims to maintain funding levels close to what was previously appropriated, ensuring a more stable and predictable educational financing landscape across Missouri.

Summary

Senate Bill 1164, introduced by Senator Black, aims to establish the 'Education Stabilization Fund' under Chapter 33 of the Revised Statutes of Missouri. The bill authorizes the creation of this fund to provide a financial buffer for education funding, ensuring that public schools receive adequate resources even during periods of economic downturn. The state treasurer will manage the fund, which is designed to bolster revenues for public education by allowing transfers from this fund in years where state tax revenues fall short of expectations.

Contention

One point of contention surrounding SB 1164 may relate to how the fund's management and disbursements are structured. While supporters of the bill argue that it provides a necessary safety net for public education, critics might express concerns about the implications of creating a fund that permits the governor substantial discretion in fiscal appropriations. There could also be debates regarding the fund's capacity to adequately address disparities in school funding across different districts, particularly if the fund's balance fluctuates significantly from year to year.

Companion Bills

No companion bills found.

Previously Filed As

MO SB587

Establishes the Education Stabilization Fund

MO SB601

Establishes the Education Stabilization Fund

MO SB265

Establishes the "Waterways and Ports Trust Fund"

MO HB155

Establishes provisions relating to workplace retirement savings plans

MO SB413

Establishes the Missouri Angel Investment Incentive Act

MO SB317

Establishes the Interstate 70 Improvement Fund

MO SB255

Establishing the Education Savings Account program

MO SB672

Creates and modifies provisions relating to disbursements of funds to libraries by the state librarian

MO HB268

Establishes the Regulatory Sandbox Act

MO SB80

Establishes the Missouri Statewide Mechanical Contractors Licensing Act

Similar Bills

No similar bills found.