So on January 21, 2011 Governor Martin O'Malley released his FY 2012 Recommended Operating Budget. But what does that mean, and how does it affect us?
If approved by the General Assembly, it would maintain K-12 state aid at FY 2011 levels, meaning an estimated increase in revenue for MCPS by $33.1 million compared with FY 2011, resulting in a total of $557.5 million in state aid. This is $41.4 million more than the total of $516.1 million in Dr. Weast's Recommended Operating Budget.
This doesn't affect Maintenance of Effort, which is based on local contribution. However, if the county fails to meet Maintenance of Effort we could face a penalty of up to $22.4 million.
It is important to remember that these figures are subject to change - however, they give a pretty good idea of what's going on right now.