Governor’s budget, FY2009

The Governor’s budget honors the commitments made two years ago to continued growth in Chapter 70, including bringing all communities up to at least 17.5% of the foundation budget over a five year period, but it level funds additional assistance and it cuts lottery aid by 13.3%. The budget proposes to replace the 13.3% lottery aid cut with casino revenue.

House finishes FY2008 budget

The House budget is similar to the Governor’s budget – lean, with no radical changes in program priorities. However, it makes a more generous allocation to local education aid (while using a different formula for Chapter 70) and it draws on reserves rather than assuming an increase in corporate taxes through loophole closing.