This is not the official budget document.

Budget Summary FY2015

70610011 - FOUNDATION RESERVE ONE TIME ASSISTANCE
Data Current as of:  10/17/2014





Account Description FY2014
Spending
FY2015
GAA
7061-0011 FOUNDATION RESERVE ONE TIME ASSISTANCE
For a reserve to: (i) provide relief to parties involved in a newly formed regional vocational district; provided, that: (a) the member's fiscal year 2015 chapter 70 aid, using estimated enrollment provided to the department of elementary and secondary education, would be greater than what is provided under section 3; (b) the regional district's fiscal year 2015 chapter 70 aid, when base chapter 70 aid is allocated, would be greater than what is provided under said section 3; and (c) funds distributed from this item, under clause (i), shall be considered prior year chapter 70 aid for fiscal year 2016; (ii) to mitigate 1-time municipal cost increases associated with the withdrawal of a member from a regional school district; (iii) provide extraordinary relief to school districts whose special education costs exceed 30 per cent of the total district costs and whose tuition and other circuit-breaker eligible costs for placements at an approved private school located within the district exceed both $1,000,000 and 25 per cent of all tuition and other circuit-breaker eligible costs for placements at approved private schools; and (iv) mitigate costs for districts that: (A) experience foundation enrollment growth of greater than 400 pupils from fiscal year 2014 to fiscal year 2015; and (B) whose chapter 70 as a percentage of total foundation budget is less than the district's target aid percentage; provided further, that not less than $350,000 shall be expended for the purposes of clause (iii); provided further, that not less than $1,000,000 shall be expended for the purposes of clause (iv); provided further, that funds distributed from this item, under clauses (ii), (iii) and (iv), shall not be considered prior year aid nor shall the funds be used in the calculation of the minimum required local contribution for fiscal year 2015; and provided further, that the department shall make not less than 80 per cent of the funds available for awards on or before October 15, 2014

2,000,000 3,383,233

Veto Explanation:   I am striking language which earmarks funding for a program not recommended. The reduction in the item incorporates the amount of the stricken earmarked funds.