Massachusetts Education Fiscal Updates April 2020
Stay informed about the fiscal updates in Massachusetts education sector for April 2020. Learn about the funding allocations, federal grants, budget delays, and guidance for local districts amid the current situation. Discover key insights on state aid, revenue impacts, and future budget planning.
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Presentation Transcript
Board of Elementary and Secondary Education April 2020 Meeting Fiscal Update April 28, 2020
01 FY20 Update 02 FY21 Update CONTENTS
FY20 Update DESE continuing to provide funding, including all state aid and reimbursement accounts, based authorized spending levels in current year budget, as well as our federal grants. DESE and federal guidance on districts maintaining service capacity during this current period. 3 Massachusetts Department of Elementary and Secondary Education
FY20 Update State Leaders working to identify the spending and revenue impact of the current pandemic. FY20 spending reductions not anticipated at this time. 4 Massachusetts Department of Elementary and Secondary Education
FY20 Update Federal CARES Act funding will supply additional funding to support schools. Funding will be available to use through 9/30/22. oK-12 Education Stabilization Fund - $214.9M oGovernor s Emergency Education Relief Fund (Higher Ed/K- 12/Early Ed)- $50.8M Funding included to expanded school meals program. 5 Massachusetts Department of Elementary and Secondary Education
FY21 Update State budget delayed timeline due to need for revised consensus tax revenue estimate, as well as non-tax revenues. Next budget release (either HWM bill or a joint HWM/SWM resolution) likely to be a better indicator than H.2. H2 recommend appropriation levels unclear at this time. 6 Massachusetts Department of Elementary and Secondary Education
FY21 Update Municipal & Regional Districts seeking guidance on expected state aid level and require local contributions. Local budgets municipal school districts oIf not in place by July 1, DOR can set 1/12 budgets oLegislature has not created process for waiving MLC and NSS requirements 7 Massachusetts Department of Elementary and Secondary Education
FY21 Update Local budgets regional school districts oIf not in place by July 1, Commissioner can set 1/12 budgets oDESE issued guidance oStill anticipate that districts will be able to finish local approval process during summer/fall (prior to December 1 deadline) 8 Massachusetts Department of Elementary and Secondary Education
FY20 & FY21 Update Questions? 9 Massachusetts Department of Elementary and Secondary Education
