Bill > HB1436

This bill requires the Interagency Commission for School Construction (a state-level body) to include an inflationary adjustment using a cost of construction inflation index when preparing projections of school construction and capital improvement needs. The bill mandates that these updated projections be submitted to both the Capital Debt Affordability Committee and the Governor, with the goal of providing more accurate and realistic estimates for school construction funding. Additionally, the bill establishes a legislative intent that the state should provide at least $450,000,000 annually for public school construction beginning in fiscal year 2023, with the understanding that this amount should be recalculated using a construction inflation index. The legislation aims to ensure that school construction funding keeps pace with rising construction costs and maintains a stable number of funded projects in the Capital Improvement Program. The bill will take effect on July 1, 2025, and specifically excludes funding from the Built to Learn Program when calculating the annual school construction funding goal. By introducing these inflationary adjustments, the bill seeks to create a more responsive and financially sustainable approach to public school construction funding.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1436?ys=2025RS