Staff Publications Kindergarten Through Twelfth Grade (K-12) Funding Scenarios (2014) Subject: Education & School Finance (Pre & K-12) Published: April 17, 2014 Agency: Legislative Council Staff The following memorandum provides an overview of K-12 funding proposals within the context of the state's operating budget. In December 2013, about $1.1 billion was transferred from the General Fund to the State Education Fund (SEF). The General Assembly will have to determine how to use this one-time money for school finance and other K-12 purposes in the 2014-15 budget year and subsequent years. Download Document