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BESE Adopts New K-12 Funding Formula
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.