The public education budget cuts proposed in the 2012-2013 budget will very likely carry over into the next biennium. (For people like me, who tend to get confused about which biennium this is, the rule is that the Legislature writes the budget in odd-numbered years, and the biennum starts with an even-numbered year.) State law dictates that if the Legislature short-funds what the formulas require that districts receive, the district entitlement must be reduced. State law calls for pro-rationing so that the pain in shared equally among all districts. To the degree that districts are short-funded, the statutes require the Legislature to come up with the money in the next biennium. So the attempt to save money in this biennium will result in digging the hole deeper in the next biennium (2014-2015).
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