The memorandum provides an overview of K-12 funding proposals 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 will have to determine how to use this one-time money for school finance and other K-12 purposes in the 2014-15 budget year and subsequent years.

COVID-19 has profoundly changed how schools and districts operate. Schools have pivoted from in-person to virtual to hybrid learning models to promote student health and safety. Schools are experiencing significant staffing shortages in the effort to meet various instructional demands upon teachers and support staff and accommodate quarantines. Professional learning efforts have been rethought, rescheduled, or paused indefinitely. Fiscal staff continue...

In 1982, voters approved a constitutional measure governing property taxes, including a provision known as the Gallagher Amendment (Gallagher). The impact of Gallagher has varied across different regions of the state. The impact of the COVID-19-related economic crisis on the residential assessment rate (RAR) may be significant in the 2021 reassessment cycle. In January 2021, the division will estimate the RAR for this cycle. The state legislature...