Governor McDonnell announced on Thursday proposals for additional K-12 spending. I don't know how much would 'trickle' down to Loudoun, but hope to find out next week. Unfortunately, the release below doesn't addresss the Virginia Retirement System adjustment which will add $10s of millions of cost to Loudoun next year. Also, it will be up to State legislature to accept these additions. Here is the Governor's press release:
Commonwealth of
Virginia
Office of
Governor Bob McDonnell
FOR
IMMEDIATE RELEASE
January
13, 2012
Contact:
Jeff Caldwell
Phone:
(804) 225-4260
Email:
[email protected]
Governor
McDonnell to Send Down Executive Budget Amendments
~$58 Million
More to K-12 Increases Additional Spending on Public Education in Governor’s
Budget to Nearly A Half Billion Dollars~
Governor’s
Amendments Support Smaller Elementary School Class Sizes and Early Reading
Efforts
RICHMOND
–
Governor Bob McDonnell is sending down a number of executive budget amendments
to his introduced biennial budget. The bulk of the amendments are directed at
increasing state funding to K-12 education. Combined with the governor’s $438
million increase in state funding for public education in his introduced
budget, the amendments bring additional state funding for Virginia’s public
schools to $497.2 million, or nearly half a billion dollars. Total state
spending on K-12 in the governor’s proposed budget is now $5.7 billion for FY
2013 and $5.8 billion for FY 2014.
The funding contained in the governor’s
executive amendments is derived from additional balances and savings
indentified following the introduction of the governor’s biennial budget.
Speaking about his amendments, the
governor remarked, “Our budget puts significant new funding into Virginia’s
public schools. We are continuing to invest in our young people, and that is a
crucial part of our efforts to position the Commonwealth for economic growth in
the years ahead. Now, with these budget amendments, we are able to direct even
more resources to public education. We will add $47 million to the current
class size reduction program for students in kindergarten through the third
grade, and we will continue our efforts to ensure that every student is reading
at a proficient level by third grade by directing an additional $8 million to
early reading intervention programs. To guarantee every young person in the
state the opportunity they deserve to succeed, we must provide them with the
world-class education they need. We are doing that by combining smart, targeted
increases in state funding with a focus on providing more accountability,
innovation and choice in our public schools.”
Highlights
of the Governor’s Executive Budget Amendments (Approximate Amounts over Two
Years)
- Expand Youth Development Academies: $950,000
- Increase Funding for the K-3 Primary Class Size Reduction Program: $47 million
- Provide Funding for IT Academies: $3 million
- Provide for In-State Tuition for VMI National Guard Members Currently Classified as Out
of State: $600,000
- Increase Funding for Teaching Hospitals: $8.7 million
The governor’s amendments are currently
being sent to the General Assembly. A full, comprehensive list will be
available following submission of all items.
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