Kindergarten through Twelfth Grade (K-12) Public School Funding (2014)

This memorandum provides an overview of K-12 funding within the context of the state's operating budget. In December 2013, about $1.1 billion was transferred from the General Fund to the State Education Fund (SEF). The General Assembly has used some of this one-time money to set funding levels for the 2014-15 budget year, but will have to determine how to use this money for school finance and other K-12 purposes in subsequent years.