| | B. By fiscal year 2009-10 | | total cost of funding public education from kindergarten to | | grade 12, as described by essential programs and services, | | must be 55%. Beginning in fiscal year 2005-06 and in each | fiscal year until fiscal year 2009-10 | | share of essential programs and services described costs | | must increase toward the 55% level required in fiscal year | 2009-10 |
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| | | Beginning in fiscal year 2005-06 and in each fiscal year | | thereafter, the commissioner shall use the funding level | | determined in accordance with this section as the basis for a | | recommended funding level for the state share of the cost of the | | components of essential programs and services. |
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| | | Sec. D-35. 20-A MRSA §15671, sub-§7, as amended by PL 2003, c. 712, | | §10, is further amended to read: |
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| | | 7. Transition; annual targets. To achieve the system of | | school funding based on essential programs and services required | | by this section, the following annual targets are established. |
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| | | A. The annual targets for the essential programs and | | services transition percentage, excluding program cost | | allocation, debt service allocation and adjustments, are as | | follows. |
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| | | (1) For fiscal year 2005-06, the target is 84%. |
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| | (2) For fiscal year 2006-07, the target is 88% |
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| | (3) For fiscal year 2007-08, the target is 92% |
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| | | (4) For fiscal year 2008-09 and succeeding years, the | target is 96% |
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| | (5) For fiscal year 2009-10 and succeeding years, the | target is 100%. |
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| | | B. The annual targets for the state share percentage are as | | follows. |
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| | | (1) For fiscal year 2005-06, the target is 52.6%. |
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| | (2) For fiscal year 2006-07, the target is 52.6% | | 53.86%. |
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| | (3) For fiscal year 2007-08, the target is 53% |
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