2014 Special Session I

Budget Amendments - SB5003 (Committee Approved)

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Strategic Compensation Grants

Item 136 #9s

Item 136 #9s

First Year - FY2015 Second Year - FY2016
Education: Elementary and Secondary
Direct Aid To Public Education FY2015 ($5,000,000) FY2016 ($7,500,000) GF

Page 107, line 50, strike "$6,168,046,960" and insert "$6,163,046,960".
Page 107, line 50, strike "$6,217,037,169" and insert "$6,209,537,169".
Page 136, line 14, strike the first instance of "$7,500,000" and insert "$2,500,000".
Page 136, line 14, strike "and $7,500,000 the second year".
Page 136, line 23, after "year." insert "Priority for awards shall be given to school divisions that have not already received previous awards.  In addition, a local match based on the school division's composite index of local ability-to-pay is required."
Page 137, after line 10, insert:
"f. If additional funds are available after these awards are made, the Department may invite application towards partial awards for any school divisions that did not participate in the compensation incentive funding in FY 2014 but who now plan to provide salary increases."

(This amendment reduces the first year amount for the Strategic Compensation Grants Initiative from $7.5 million to $2.5 million and removes second year funding. Thirteen school divisions applied for and were awarded grants totaling $4.5 million in FY 2014. This amendment gives priority to new divisions that did not apply in FY 2014, would require a local match for any re-applicants, and if not enough applications are submitted would allow the Department of Education to offer funding up to the amounts allocated in FY 2014 for those divisions that did not provide 2.0 percent salary increases in FY 2014.)