Print Page | Contact Us | Report Abuse | Sign In | Join
News & Press: Legislative News

FY 2020 Budget Recommendations Released

Thursday, December 6, 2018   (0 Comments)
Posted by: Kelly Riley
Share |

Governor Bryant issued his Executive Budget Recommendation (EBR) for Fiscal Year 2020 (July 2019 – June 2020) on November 15.  The Joint Legislative Budget Committee released its FY 2020 Legislative Budget Recommendation (LBR) yesterday.  Recommendations include:

 

  • The EBR does not recommend a cut for any state agency.  The LBR recommends small cuts to most agencies, as the LBR recommends that the state spend almost $63 million less next year.
  • Both the EBR and the LBR recommend setting aside 2% of estimated revenue.
  • The EBR includes $25 million for a teacher pay raise in FY 2020 and recommends that the legislature fund another $25 million pay raise in FY 2021.  This $25 million would result in a pay raise of approximately $780 (before taxes) for individual teachers in FY 2020. While the LBR does not include funding for a pay raise, legislative leaders said their proposal leaves them the flexibility to consider a pay raise during the session.
  • The EBR recommends level funding (i.e., same amount of funding as this year) for the MAEP.  The LBR provides a $3 million increase for the MAEP.  As set forth in state law, the MAEP formula requires an additional $253 million in FY 2020.
  • The EBR recommends level funding for community colleges, while community colleges would see a 2.5% cut under the LBR.
  • The EBR basically recommends level funding for universities, except for an $8.5 million increase for IHL’s Office of Student Financial Aid.  Universities would lose nearly $1.5 million under the legislative recommendation.  
  • The EBR recommends an additional $75 million for PERS.  The LBR does not include this additional funding. 

 

The LBR will serve as the starting point for the development and adoption of the final budget during the upcoming legislative session.