Legislature(2005 - 2006)
2006-01-13 Senate Journal
Full Journal pdf2006-01-13 Senate Journal Page 1902 SB 238 SENATE BILL NO. 238 BY THE SENATE RULES COMMITTEE BY REQUEST OF THE GOVERNOR, entitled: "An Act increasing the base student allocation used in the formula for state financing of public education; and providing for an effective date." was read the first time and referred to the Finance Committee. The following fiscal information was published today: Fiscal Note No. 1, Department of Education and Early Development Fiscal Note No. 2, Department of Education and Early Development 2006-01-13 Senate Journal Page 1903 Governor's transmittal letter dated January 13: Dear President Stevens: Under the authority of art. III, sec. 18, of the Alaska Constitution, I am transmitting a bill that would raise the base student allocation for students attending public school grade levels kindergarten through 12 (K-12) beginning in fiscal year 2007. Under the bill, the base student allocation would increase from $4,919 to $5,352 on July 1, 2006, an approximately 8.8 percent increase over last year. This is the fourth increase in the base student allocation since 2003, when the allocation was $4,010. These four increases amount to a 33 percent increase during this Administration. This bill is an important element of my continuing effort to finance K- 12 public education at a level that meets the increased costs our school districts have experienced over the last several years. This increase in the base student allocation will add approximately $90 million to the state financing of public education, bringing the total state contribution to $928,087,440. I urge your prompt and favorable action on this measure, for the sake of Alaska's public schools and our children. Sincerely yours, /s/ Frank H. Murkowski Governor