2024 Session

Budget Amendments - HB30 (Floor Approved)

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Literary Fund Support for School Employee Retirement Contributions

Item 125 #8h

Item 125 #8h

First Year - FY2025 Second Year - FY2026
Education: Elementary and Secondary
Direct Aid to Public Education FY2025 ($117,500,000) FY2026 ($117,500,000) GF
FY2025 $117,500,000 FY2026 $117,500,000 NGF


Page 155, line 26, strike "$150,000,000" and "$150,000,000" and insert:

"$267,500,000" and "$267,500,000".


(This amendment increases literary fund support from excess Literary Fund balances by $117.5 million each year, creating general fund savings of a like amount. The introduced budget instead proposed directing these excess balances toward a one-time VRS deposit.)