Jackson, MS – Speaker Jason White issues the following statement on the Mississippi Student Funding Formula and PERS legislation.
“Mississippi’s education formula rewrite and the financial sustainability of our state’s retirement system passed out of both chambers and are heading to the Governor.
Since the beginning of this Legislative Session, the House has remained adamant and determined to prioritize education funding, PERS, and access to quality healthcare in Mississippi. It is a great honor to see meaningful progress in two of our priorities and we hope to find a compromise on the third in the coming days.
I am proud of my fellow Representatives who remain unified in advocating for equitable and transparent funding for our state’s K-12 public schools. HB 4130 was the fourth time this Session the House voted to repeal the antiquated MAEP formula and adopt an education funding formula that was student-centered, with this final vote resulting in unanimous support in our chamber. The passage of the Mississippi Student Funding Formula is not only monumental, but inspiring, as we make the greatest education investment in our state’s history.
Much like reforming our education funding formula, addressing the employer contribution and long-term stability of PERS is a challenging issue to confront and tackle. With the passage of SB 3231, Mississippi will ensure we meet financial obligations to PERS current and future retirees without placing undue burden on our state’s taxpayers.
As we approach the end of the 2024 Legislative Session, I applaud my House colleagues for their resolve to create a better Mississippi. There is still work to be done in the final days we have at the Capitol and we remain steadfast to do right by Mississippians.”