PPT Slide
Pending Budget Issues for FY03
The MFP and Health Insurance
The Executive Budget provides $31.8 million for local school systems to pick up part of the tab for the increase in Group Insurance health care costs. This funding is not provided through the MFP, however.
BESE’s projected FY03 budget currently calls for the MFP to provide an additional $25 m. for school systems to address anticipated increases in the employer’s share of health insurance premiums. Further, the pending MFP resolution also seeks an additional $13.9 m. to address additional formula growth factors.