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Cost of Living Study Memo with Table (2016)

Education & School Finance (Pre & K-12)

Legislative Council Staff conducts a study of the cost of living in each school district every two years, as required by state law. The results of the 2015 study indicate that the cost of living, adjusted by where employees live, increased in 177 of the 178 school districts in the state. In 137 of these districts, the change in cost of living from 2013 to 2015 was large enough to increase the cost-of-living factor used in the school finance funding formula.

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details