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February 18, 2011
Critical Funding for K-12 Schools Partially Restored by Oregon Legislature
SALEM – Today the Oregon Legislature added back a portion of the K-12 funding for the 2009-11 biennium committed by House and Senate leadership last year to compensate for a deficit in the State School Fund after the August 2010 revenue forecast. This action maintains $5.756 billion funding level for K-12 schools for the current biennium.
“Thank you to the Oregon Legislature for making good on your promise to protect Oregon students from the last round of budget cuts,” said State Superintendent Susan Castillo. “It is time to move from a patchwork system of short-term funding fixes to one that invests in students early and keeps them on track to graduate with the skills they need for success in life. The Governor’s plan for a more integrated student-focused education delivery system is a step in the right direction.”
Included in this add back funding is:
• $35.5 million for the State School Fund
• $1 million for Oregon Pre-kindergarten
• $1 million for Early Intervention/Early Intervention Special Education
• $800,000 in Local Option Equalization Grant*
* The Local Option Equalization Grant is a grant that the state gives to school districts that have passed a local option tax but have low assessed values on their property. This grant is intended to “equalize” funding for districts with disparate property values and is intended to help districts that have low assessed values but are still able to pass a local option.
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