Education Stabilization Fund Audit report (pdf excerpt)
Edward Lin found pages 212 to 217 of the State Auditor's Financial Statements and Federal Single Audit Report that notes the state improperly lowered funding to K-12 education by nearly 2-billion dollars in 2023. The SPS portion of this is probably enough to close most of the budget gap. Key redux is in the "Description of Condition" paragraph which is copied below:
The Office did not perform the calculations required to monitor the level of effort requirements
for the ESF program during fiscal year 2023. After the year was over, the Office determined that
the fiscal year 2023 expenditures did not meet the level of effort requirement.
When compared to overall state spending, the average amount of state spending on elementary and
secondary education for fiscal years 2017, 2018 and 2019 totaled 49.35 percent of the state’s
budget. The state was required to spend at least this percentage toward education in fiscal year
2023. However, the state only expended 42.99 percent of total state spending on education,
meaning the level of effort requirement was not met by about 6.36 percent, or $2,103,004,922.
This would likely avoiding the need to consider consolidations and other drastic service changes! And it also means there *WAS* an extremely large lowering of allocation to schools in the last few years.