(4) "Per student allocation," for school fiscal year
20092011 is $4,664.66$4,804.60. Each school fiscal year thereafter, the per student allocation is the previous fiscal year's per student allocation increased by the index factor;
Only five digits change. But those five digits are how Governor Rounds intends to get around the state law that requires an increase in state aid to K-12 education of 3% or (roughly*) the inflation rate, whichever is less. Governor Rounds isn't asking to change that index factor; he's asking to change the baseline.
$4,804.60 is exactly the per student allocation for the current fiscal year. HB 1050 sets the same allocation for next year.
I hear Republicans (who have already forgotten the Reagan and Bush deficits) say deficit spending is bad. We're not supposed to borrow money from our kids to balance our budget.
Deficit spending supposedly takes money from our kids when they are old enough to work and pay taxes. Governor Rounds wants to take money away from our kids now, while they are still kids, in school.
Does anyone else see the disconnect here?