Medicaid Expansion and Financial Overview

K-12 Education Continue to Fully Fund K-12 at Constitutional Levels ~Marks the 6th Consecutive Year of Fully Funding K-12~ Recommending full funding for FY25 and FY26 • Allows for predictability for school districts when extending contract offers Includes expenditures associated with increasing the 20 mills residential exemption Professional Development State Aid to be funded at level requested by State Board FY22 saw no funding, but FY23 and FY24 are funded at $1.8mil ● • Governor is recommending funding of $3.7mil in FY25 and FY26 Mentor Teacher State Aid . • Current funding allows for stipend of $1,000, $500, and $250 for each year of mentoring Governor recommending full funding by adding incremental $1.0mil Will allow for stipend of $1,000 for each of the three years of mentorship Incremental $3.0mil to expand the Mental Health Intervention Team Pilot Program (MHIT) Began as $7.3mil program, covering 9 districts in FY19 • New funding will provide for total of $17.4mil, enough to cover over 100 districts 19

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