Education State & National News

Florida schools could be hit $1.2 billion shortfall in 2012-13 budget

October 17, 2011

The buzz is public education funding could have a $1.2 billion shortfall if Florida lawmakers keep the same funding level for the 2012-2013 fiscal year.

The gap stems from the end of federal stimulus dollars ($554 million), a decrease in property tax collection expectations ($239 millon), lack of state trust fund money ($224 million) and a jump in the expected enrollment for the 2012-2013 school year ($193 million).

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