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Inflation Adjustment
  • CPI: adjusts for changes in the cost of goods and services purchased by consumers
  • IPD: adjusts for changes in the cost of goods and services purchased by governments
  • Economic Growth: adjusts for changes in the size of the state economy (measured in terms of total personal income)
  • None: does not capture changes in the value of a dollar over time.
K-12: School Building

funding levels adjusted for inflation (CPI)

  • Funding History
Adjusted for inflation (CPI) NOT adjusted
FY24 GAA$1,453,500,000$1,453,500,000
FY23 Current$1,237,919,047$1,165,100,000
FY22$1,122,676,924$1,014,291,140
FY21$1,164,297,258$981,576,895
FY20$1,157,670,860$954,150,000
FY19$1,087,167,639$882,100,000
FY18$1,065,032,754$846,589,256
FY17$1,050,585,147$816,795,000
FY16$1,053,235,877$803,900,000
FY15$1,017,502,694$771,500,000
FY14$972,357,829$732,032,000
FY13$920,400,419$682,300,000
FY12$930,211,280$678,143,400
FY11$909,812,546$644,348,851
FY10$835,401,366$580,140,715
FY09$1,020,828,142$702,000,000
FY08$935,916,491$634,719,076
FY07$851,814,665$557,019,076
FY06$766,791,074$488,719,076
FY05$644,330,153$395,719,076
FY04$924,720,636$551,356,767
FY03$654,628,900$381,893,039
FY02$633,319,972$361,498,199
FY01$580,254,013$325,445,384

comparisons adjusted for inflation (CPI)

  • See Changes in Funding
Between and
Funding for K-12: School Building
32.3%

comparisons adjusted for inflation (CPI)

Adjusted for inflation (CPI) NOT adjusted
FY24 GAA$1,453,500,000$1,453,500,000
FY24 Leg$1,453,500,000$1,453,500,000
FY24 Sen$1,403,500,000$1,403,500,000
FY24 SWM$1,403,500,000$1,403,500,000
FY24 Hou$1,403,500,000$1,403,500,000
FY24 HWM$1,403,500,000$1,403,500,000
FY24 Gov$1,303,500,000$1,303,500,000
FY23 Current$1,237,919,047$1,165,100,000
FY23 GAA$1,237,919,047$1,165,100,000
FY23 SWM$1,237,919,047$1,165,100,000
FY23 Hou$1,237,919,047$1,165,100,000
FY23 HWM$1,237,919,047$1,165,100,000
FY23 Gov$1,237,919,047$1,165,100,000
FY22 GAA$1,122,676,924$1,014,291,140

funding levels adjusted for inflation (CPI)

  • Active Line Items
  • All Line Items
FY23 CurrentFY24 GovFY24 HouFY24 SenFY24 GAA
1596-2424Green Schoolworks$0$0$100,000,000$0$50,000,000
1596-2431MSBA Capital Supports$0$0$0$100,000,000$100,000,000
T10-62School Modernization and Reconstruction Trust (SMART) Fund$1,237,919,047$1,303,500,000$1,303,500,000$1,303,500,000$1,303,500,000
FY23 CurrentFY24 GovFY24 HouFY24 SenFY24 GAA
1595-4621School Modernization and Reconstruction Trust (SMART) Fund$0$0$0$0$0
1596-2424Green Schoolworks$0$0$100,000,000$0$50,000,000
1596-2431MSBA Capital Supports$0$0$0$100,000,000$100,000,000
7052-0003School Building Assistance - Racial Imbalance Elimination - First Payments$0$0$0$0$0
7052-0004School Building Assistance - First Annual Payments$0$0$0$0$0
7052-0005School Building Assistance - Annual Reimbursements$0$0$0$0$0
7052-0006School Building Assistance - Engineering and Architectural Services$0$0$0$0$0
7052-0007School Building Assistance - Emergency Repairs$0$0$0$0$0
T10-62School Modernization and Reconstruction Trust (SMART) Fund$1,237,919,047$1,303,500,000$1,303,500,000$1,303,500,000$1,303,500,000

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