MassBudget Brief: Fiscal Year 2012 Chapter 70 Education Aid Preview
While projecting Chapter 70 state education aid ahead of the formal budget process is always an inexact science, the precarious economic recovery and the termination of most federal recovery aid make predicting the Fiscal Year (FY) 2012 budget particularly challenging. Of the $4.07 billion in Chapter 70 aid distributed in FY 2011 $221 million is federal recovery money–$21 million from the State Fiscal Stabilization Fund and $200 million from the Education Jobs Fund–none of which will be available for FY 2012. In addition to this uncertain revenue picture, a set of other variables further complicates projecting Chapter 70 funding, leading us to run a few separate projections, outlined in four sections of this paper.