| Cape Girardeau public schools will receive an estimated $480,000 more in state aid next school year, the first boost in state funding for the district in more than a dozen years.
Cape Girardeau school officials and state Sen. Jason Crowell welcomed the increased funding under a new state funding formula that will be phased in over the next seven fiscal years.
Lawmakers approved a new state funding formula last year. But the new plan doesn't take effect until the start of the new fiscal year on July 1.
Even then, it will be fiscal 2013 before the new formula is fully funded, Crowell said.
In that year, the Cape Girardeau School District stands to receive more than $9.1 million annually in state aid, more than $3 million over what it stands to receive in the coming school year, Crowell said.
The Jackson School District would receive more than $16 million in state aid in fiscal 2013 or $5.5 million more than it's slated to receive in the coming school year.
Current projections indicate that the Cape Girardeau district will receive $5.89 million in state aid over the next 12 months while Jackson will receive more than $10.5 million in state funding.
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