1. State Budget Update February 10, 2014

2. Funding Highlights Basic Education Funding – same as last year Special Education Funding - $20 million in new dollars which is a 1.9% increase (not included in numbers released); to be derived from Special Education Funding Commission Ready to Learn Block Grant - $341 million (includes $100 million existing Accountability Block Grant)

3. Funding Numbers

5. Other Budget News Tapering of PSERS collars decreases rate from 20.41 to 19.15 PSERS funding from the Commonwealth continued at current rate PlanCon – flat funded for the 4 th year Elimination of pension “double-dip” in charter school tuition payment structure

6. Still Unknown Allocation of $1m for the Governor’s School- to-School Mentoring Grant program under Ready to Learn (based on 90 and above score on SPP) Calculation of district-wide score for Ready to Learn Allocation of additional 1.9% in Special Education Funding (supplement vs. supplant) Effect of change in PSERS rate Potential elimination of Charter School double-dip