SB 1-INCREASE AMT OF BASE STUDENT ALLOCATION    CHAIR STEVENS announced SB 1 to be under consideration. SENATOR WILKEN, sponsor of SB 1, said that the issue of school funding needs to be wrapped up by the end of session and he hopes the bill helps. CHAIR STEVENS asked Senator Wilken to comment on the amount of the increase and the fiscal note of the bill. SENATOR WILKEN said that the amount of the bill was decided in November 2006, and it includes inflation costs and money to reduce class size and improve instruction; the bill essentially mirrors the previous year's increases. 8:05:49 AM CHAIR STEVENS made a motion to move SB 1 from committee with individual recommendations and attached fiscal note(s). There being no objection, the motion carried.