Tri-Cities may get big hike in NH education funds
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The state House of Representatives passed a bill Wednesday, that if enacted, could increase state aid for education to the Tri-Cities upwards of $10 million in fiscal year 2021.
House Bill 709, which passed the House overwhelmingly Wednesday by a 262-82 vote, would revamp the state education funding formula. The bill, which was first in the Education Committee, now heads to the Finance Committee for additional review.
Vice Chair of the Education Committee David Luneau, D-Hopkinton, said the bill has two parts. In fiscal year 2020, the law, if passed, would add an estimated $24.6 million to education stabilization, restoring its full funding, which have been chipped away by the legislature for the past few years, he said. This has had the effect of increasing the burden of education funding on local property taxpayers, he said. In fiscal year 2021, the law would eliminate stabilization grants altogether a replace it with a disparity aid model. This model would be based on an equalized valuation per pupil and the amount of students in a school district who are eligible for the free and reduced lunch program. This would increase school aid funding by another $79.7 million.