SSHB 143: "An Act providing an increase and an inflation adjustment to the base student allocation used in the formula for state funding of public education; requiring a review and recommendation for future adjustments to the base student allocation; and providing for an effective date."
00 SPONSOR SUBSTITUTE FOR HOUSE BILL NO. 143 01 "An Act providing an increase and an inflation adjustment to the base student 02 allocation used in the formula for state funding of public education; requiring a review 03 and recommendation for future adjustments to the base student allocation; and 04 providing for an effective date." 05 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 06 * Section 1. AS 14.17.470 is amended to read: 07 Sec. 14.17.470. Base student allocation. The base student allocation is 08 $5,867.52 [$5,680]. 09 * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to 10 read: 11 BASE STUDENT ALLOCATION; ADJUSTMENT; STUDY AND 12 RECOMMENDATIONS. The Department of Education and Early Development shall, for 13 fiscal years 2014 and 2015, 14 (1) annually adjust the base student allocation to reflect an inflation
01 adjustment based on the Consumer Price Index for all urban consumers for the Anchorage 02 metropolitan area compiled by the Bureau of Labor Statistics, United States Department of 03 Labor; the index for January 2010 is the reference base index; 04 (2) conduct a review of the actual changes in educational cost for each student 05 for each district; and 06 (3) on or before January 10, 2015, provide a recommendation to the Twenty- 07 Ninth Alaska State Legislature regarding the amount and adjustment of the base student 08 allocation beginning in fiscal year 2016. 09 * Sec. 3. This Act takes effect July 1, 2012.