No calculations are written in stone yet, and lawmakers are likely to make changes. (emphasis added) But the AP’s calculations reveal a bottom line for the state and each district publicly for the first time. They show overall funding would rise by $195 million. Surprisingly, in a climate where the state is facing budget cuts, EdBuild proposes a $75 million increase in state funding, 3 percent more than current state formula spending of $2.3 billion. The increase in local tax contributions would pull in the other $120 million .