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THE 90 DAY REPORT - A Review of the 2023 Legislative Session (excerpt)

 

Education – page A-19

In fiscal 2024, State aid for education grows by $704.9 million, or 8.9%, providing local school systems with $8.7 billion in funding for the upcoming fiscal year. For the 2022-2023 school year, full-time equivalent enrollment increased by 4,139 students, or 0.5%, which is the first increase since the start of the COVID-19 pandemic.

 

FRPM enrollment increased by nearly 34%. This unanticipated increase in FRPM students results in an increase of over $390.0 million in compensatory education formula funding from fiscal 2023 to fiscal 2024.

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The Governor added $500 million to the Blueprint Fund in the budget as introduced, and the General Assembly provided an additional $400 million, redirecting a total of $900 million to the Blueprint for Maryland’s Future Fund in fiscal 2024 - estimated carryover balance of $2.3 billion from fiscal 2023,

 

Blueprint Fund resources in fiscal 2024 total approximately $4.5 billion, which represents an almost 40% increase in total resources available compared to fiscal 2023 and provides adequate funding for Blueprint programs through at least fiscal 2026.

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A detailed description of State education aid programs and allocations by school system can be found in Part A-90 Day Report, pages A-76 to A-17

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