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• <br />$12.941 Billion GF <br />E-12 Education <br />/ Goal: protect funding going to classrooms and <br />• <br />preserve school finance and property tax reforms <br />- Revenue per student increases from $7,633 in FY2003 to <br />$7,799 in FY2004 (+2.2%) <br />- Districts protected from short term impact of reform by <br />"hold harmless" provision <br />- Eliminate automatic growth in special education and <br />adult basic education; add $20 million for special <br />education cross subsidy aid <br />- Eliminate the impact of 2001 property tax reform on <br />formulae linked to the general ed formula allowance <br />Governor P°wlenty's FY 2004-05 Budget <br />E-12 Education $12.941 Billion GF <br />/ Goal: protect funding going to classrooms and <br />preserve school finance and property tax reforms <br />- Increases accountability by capping learning year pupil <br />units at 1.0 <br />- Restructure equity revenue and increase referendum <br />equalization <br />- Increase accountability by setting a 5-year limit on <br />funding for Limited English Proficiency services <br />- Improve accountability by reviewing the school finance <br />system and proposing a plan to better link finances and <br />achievement <br />Govemor Pawlenty's FY 200405 Budget <br />11 <br />