Current with changes from the 2024 Legislative Session
Section 5-216 - Comparable wage index adjustment(a) In this subsection, "comparable wage index (CWI) adjustment" means, for each county, the foundation program multiplied by:(2) 0.109 in Anne Arundel;(3) 0.066 in Baltimore City;(10) 0.000 in Dorchester;(16) 0.166 in Montgomery;(17) 0.129 in Prince George's;(18) 0.000 in Queen Anne's;(19) 0.079 in St. Mary's;(22) 0.000 in Washington;(23) 0.000 in Wicomico; and(b)(1) For fiscal year 2024 and each fiscal year thereafter, in addition to the foundation program each county shall receive a grant to reflect the regional differences of the cost to hire personnel that are due to factors outside of the control of the local jurisdiction.(2) The amount of the grant under this section shall equal, for each county, the product of the CWI adjustment and: (i) 49% in fiscal year 2024;(ii) 49% in fiscal year 2025;(iii) 47% in fiscal year 2026;(iv) 46% in fiscal year 2027;(v) 45% in fiscal year 2028;(vi) 44% in fiscal year 2029;(vii) 43% in fiscal year 2030;(viii) 42% in fiscal year 2031;(ix) 42% in fiscal year 2032; and(x) 41% in fiscal year 2033 and each fiscal year thereafter.(3) Subject to subsection (c) of this section, the State share and local share of the grant calculated under paragraph (2) of this subsection shall be calculated in the same manner as the State share and local share of the foundation program.(c) Each fiscal year the county board shall distribute to each school the minimum school funding amount for the grant calculated under § 5-234 of this subtitle.Amended by 2021 Md. Laws, Ch. 55,Sec. 1, eff. 4/9/2021.Added by 2021 Md. Laws, Ch. 36,Sec. 3, eff. 3/12/2021.