BESE Adopts New K-12 Funding Formula

News

Submitted Article on March 13, 2024

The Louisiana Board of Elementary and Secondary Education (BESE) last Wednesday unanimously approved the Minimum Foundation Program (MFP) formula for the 2024-25 school year. The new formula aligns with the recommendations of the Louisiana Department of Education (LDOE), adding approximately $71.3 million to the MFP to address the key areas of employee pay, workforce development, tutoring, and operational costs. BESE also unanimously adopted a separate resolution urging lawmakers to appropriate funds for educator and support staff pay stipends in the 2024-25 state budget.

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