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‘MFP Reform’ would impact state budget

A few things happened this month in the name of “MFP Reform” that, if approved by the Legislature, would have a major impact on the state budget. The Minimum Foundation Program, better known as the MFP, is the state funding formula by which the state sends money to Louisiana’s 68 school districts to fund public education. Each year, the formula is devised by the Board of Elementary and Secondary Education (BESE) and submitted to the Legislature, which can only accept or reject it. If the Legislature rejects the proposed MFP, the prior year’s formula remains, with a 2.75 percent built-in inflation factor increase. […]