House committee advances education spending formula

David Jacobs | The Center Square

The Louisiana House’s education committee advanced the state’s $3.9 billion K-12 education formula Wednesday.

The new Minimum Foundation Program contained in Senate Concurrent Resolution 2 calls for spending about $19 million more than the current formula. The cost is fully covered in House Bill 1, the state’s annual operating budget that was approved last week, according to the Legislative Fiscal Office.

The only significant change in the new proposed MFP is an $800 raise for teachers and a $400 salary increase for support staff. An initial proposal of $400 and $200 raises was bumped up thanks to an improving state revenue picture, though legislative leaders did not include funding for the $1,000 and $500 raises that some lawmakers had sought.