The state House and Senate tonight announced budget negotiators have reached agreement on a plan to address a budget shortfall for the current fiscal year. As expected, only one program, K-4 class size, takes a takes a deeper cut than the $25 million reduction for the State Need Grant. The state takes the tuition students pay for their own education and uses it to backfill the State Need Grant.
More details will be available on the budget agreement later, but for now here are links to the news release and to a comparison of the final budget to the proposals by the House, Senate, and governor.
Press release: Link
Summary detail: Click to view a four-way comparison between the Governor’s proposal, the House and Senate proposals, and the final agreement.