anchor Description
This project shows assumed State Aid for FY 2023 - 2028 and includes projections for approximately $229.1 million in traditional State Aid and State Aid for local school systems with significant enrollment growth or relocatable classrooms (EGRC), and over $301.5 million from the Built To Learn Act program. Once actual State Aid is known for specific projects, the amount of such aid is shown in those projects and then this PDF is zeroed out for the budget year. Some of the assumptions reflected in this project are depending upon construction projects within the CIP having prevailing wage costs added. For this reason, a prevailing wage project was created for $40.2 million to ensure State Aid assumptions are feasible and transfers to those projects will be done as needed.
anchorFiscal Note
FY22 State Aid for $23.9 million related to the Built To Learn Act is assumed in this project. When awarded to specific projects, the FY22 State Aid will be removed from this project and moved to the project awarded.
anchorDisclosures
MCPS asserts that this project conforms to the requirement of relevant local plans, as required by the Maryland Economic Growth, Resource Protection and Planning Act.